Startup Funding Espresso -- Funding the Angel Network Program

Funding the Angel Network Program Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In setting up an angel network, you need to fund the program. Here are some funding sources to consider: Most angel networks charge a membership fee to cover the expenses for running the program. For those groups using the fund structure, a management fee or carry can be taken from the fund to cover the cost. Special purpose vehicles can also be used for each deal to pool investors' funds and then take a carry or fee from it. Other sources of funding include sponsorships from providers related to the startup space, such as legal and financial work. Some angel groups qualify for grants in their area and can use the grant to cover expenses. Finally, some groups charge an administration fee to the funded companies. Members can only volunteer so many hours to the group, so make sure you are funding the program properly with these sources. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let's go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound