The Art & Science of Raising Capital for Entrepreneurs
Investor Types: Angels, Friends, and Family
A new, creative business idea caught your eye? Perhaps you can become an angel investor to look things over. As an angel investor, you’ll not only provide support for the budding startup, but you can also have more direct access to a company with high growth potential.
Talking about angel investors, Steve Distante invites David S. Rose as he talks more about his experiences as an entrepreneur and as an angel investor. He recalls how he founded New York Angels and how he helps make the process of angel investing easier for startups and investors.
In this conversation, David Rose discusses his experience as an angel investor, including how he got started in the industry and his work to organize and manage angel investor networks. He also talks about his book on angel investing and his active involvement in answering questions about startups and angel investing online.
Who’s The Guest?
David S. Rose is an Inc. 500 CEO, real estate developer, financial technology investor, and serial entrepreneur. He founded or funded more than 100 pioneering companies. He has been described by Forbes as “New York’s Archangel”, by BusinessWeek as a “world conquering entrepreneur”, by Crain’s New York Business as “the father of angel investing in New York”, and by Red Herring magazine as “patriarch of Silicon Alley”.
David is the New York Times best-selling author of both Angel Investing: The Gust Guide to Making Money & Having Fun Investing in Startups, and The Startup Checklist: 25 Steps to a Scalable, High-Growth Business.
Why Systems Matter
Steve Distante and Mike Caito discuss Mike’s experience as a CEO and going through different crises in business. Mike shares his advice on how to handle a crisis, which is to cut quick and cut deep, and to panic sooner. During their conversation, Steve and Mike discuss the importance of having a Plan B, especially for startup entrepreneurs. They emphasize how having a system in place, like MAP, is so important and can help you avoid flying blind.
Who’s The Guest?
Mike Caito is the owner and CEO of Management Action Programs, Inc. or MAP. As a visionary, nose-to-the-grindstone leader, his entrepreneurial roots go back to the early 1990s when he joined two parties in launching Restaurants on the Run. After 20 years, he scaled the business, which they sold in 2015, valuing at 12x EBITDA and scaled 10 markets, 600 people, and $40 million in revenue.
Mike is also known as the “metrics guy” as he’s pretty big on data and uses it to measure progress and get results. He’s been a member of the Entrepreneur’s Organization for more than 20 years.
Why Scaling Matters
A company without a system is one without a compass in a jungle. Implementing processes and systems within your business can help ensure success and allow for continuous growth. In this episode, Steve Distante welcomes Verne Harnish to discuss how you can build systems in a business, even for startups. Verne talks about how having a system in place can help businesses scale and grow. He shares his own experiences in scaling successfully. Additionally, he narrates how he founded his companies, the world-renowned Entrepreneurs’ Organization (EO) and Scaling Up, and how they have progressed over the years.
Who’s The Guest?
Verne Harnish is a world-leading speaker, author, entrepreneur, and expert in the field of business growth and scaling. He founded the world-renowned Entrepreneurs’ Organization (EO) and Scaling Up, a global executive education and coaching company with over 180 partners on six continents. With his experience and expertise in high demand, he chairs annual Growth Summits in North America, Europe, and Asia and continues to teach in the MIT-based executive program he founded. He is also a private investor in many scale-ups.