Startup Funding Espresso – How To Fund an Angel Network

How To Fund an Angel Network Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Running an angel network requires a source of revenue just like a startup. Here are some ways to fund an angel network: Charge membership dues. This is the most common form of revenue for an angel group. Charging the members generates more participation. This helps generate more funding for the startups. Charge sponsors. This can be a good way to supplement the income of the group. Sponsors can provide additional services, such as legal and financial. Too many sponsors can distract from the process. Grants. City and state grants are good for launching an angel network. Grants are one-time payments, so it's difficult to sustain a group on it. Entrepreneur application fees. Charging the startups to pay to apply can generate substantial revenue. This reduces weak deals and those that are too early for the group. Angel groups don't need a great deal of income to sustain operations. Most are set up as not-for-profit entities. Consider these sources of revenue for your angel group. 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.