My Race to 40! challenge will be over tomorrow when I turn 40. I can’t believe that I’ve already lived half a life! There is still so much left to do. The goals that I set myself as part of the Race to 40! challenge are just the beginning. I have big plans for the second half of the year and the next few years. The next big goal on my plate will be taking the entrepreneurial plunge and launching a startup. But first, a vacation with family 🙂
Here are my “Business Links” for the week. The first set of articles pertain to entrepreneurship and angel investing while the second set pertain to tech industry news and analysis. Make sure you scroll to the end for the two bonus references: 1) the “BC Innovation Council Newsletter Directory”, and 2) DBTA list of 100 companies that matter in data.
Today I begin a series of posts on Angel Investing. Over the last several months I have enjoyed attending several events around Vancouver, networking with angels and entrepreneurs. At these events, I find that I get asked a lot of the same questions from young entrepreneurs looking to raise seed money from angel investors. If I get to the heart of their questions, the questions can be reduced to two, which I paraphrase below:
1. I’ve got a great idea that I am working on; how can I raise money to get my “work in progress” product/service ready to take to market?
2. What is the process of raising money from angels/angel investing groups?
The intent of this posts is to answer the first of the two questions above. In my next Angel Investing post (scheduled for June 16th) I will answer the second question. In future posts, I will also post about deals from the perspective of an angel (e.g. what is an angel looking for in a startup company? what are the motivations of an angel investor?). However, from recent experience, I feel there is still a requirement to educate young/first time entrepreneurs on some of the basics of fundraising for early stage start-ups (covered in this post) and on the process of raising funds from an angel investor and/or angel investor group (to be covered on June 16th).
I can’t believe it has been 9 days since I launched the “Race to 40!” challenge to accomplish the three goals I set myself before my 40th birthday on June 26th.
To recap, the three goals are to:
1. Post to my blog at least once per day; this is a minor goal, but required to bring my blog to life; this week I score my progress towards this goal a 9/10;
2. Compete in my first half marathon; I am targeting a fairly challenging time of less than 2 hours; I consider this a major goal; this week I score my progress towards this goal a 6.5/10; and
3. Finish and self-publish my novella; this is a major life goal of mine; this week I score my progress towards this goal a 4/10.