Liddy Karter is an angel investor, serves as a Managing Director of Enhanced Capital, has experience in venture capital, corporate finance, & early stage company management. Liddy was a Managing Partner at IRON Ventures, CEO of Resource Recovery Systems & CFO of Netkey. Prior to that, she was Vice President of the Financial Services Group at Morgan Stanley. Liddy serves on the Board of the Angel Capital Association, is Executive Director of the Connecticut Venture Group, a Mentor at the Yale Entrepreneurial
If you can show progress without capital, that's going to be impressive to the investor, and it's also going to possibly get you to the next step without outside capital.
It's really important that you go into starting a company with a team mentality.
If your likely target customers are not buying, you either have to revamp, or you have to shut it down.
By and large people invest in people who are like them and who they know, or know someone they know.
I'm very concerned when I hear entrepreneurs say that they want to retain 51% of their company. It's almost silly to me, because nobody controls anything, we're all part of a process. . . you don't have control anyway, you're not losing anything. . . Numbers, like 51% of a company, make a lot of sense to someone who has never really understood how a corporation works.
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