Plenty of people start businesses that aren’t right for institutional investment but require additional funding to get to the next level. Angel investors are a great resource in that scenario. An angel investor, by definition, is a person who invests his or her own money into an entrepreneurial company. The term “angel” was originally used to describe investors in Broadway shows, but has since been expanded to general business. Unlike institutional investors like venture capitalists who invest other people’s money, angel investors are generally involved in the very early stages of a company and because they invest their own personal money, a typical angel invests less than $1 million. Below are some considerations when preparing to approach angel investors.
Category: Work (Page 2 of 3)
I’m an old Millenial, but I’m a Millenial nonetheless, so please spare me the eye roll when I talk about passion at work. As a rule, logic dominates my thought processes, so I never expected to find a day job that was a “dream job.” (Those expectations died with my dreams, in chronological order, of being an Olympic gymnast, an actress, and a sports broadcaster.) Still, as I’ve moved forward, backward, and sideways in my career, I haven’t been able to shake the feeling that despite my general contentment in my work these days, I’m not “feeding my soul,” as one colleague put it. Determined not to be stuck in a rut, I’ve used these tactics to find passion at work even if I’m not living the dream:
Katherine (Kat) and I have been friends since the beginning of high school. This girl is gregarious, generous, kind-hearted, funny, and has an insane work ethic. A few years ago, she and her husband made the decision for him to stay home with their beautiful daughter, Riley, while she continued to work. Not only does this woman have fantastic advice as an ambitious and successful professional, but her husband, Greg, is just the coolest dad with tons of interesting experience to share, so I decided to do a joint interview to get the best of both worlds.
Meet one of my best friends, Julie. I met her the day after I moved to Sacramento for law school. We were on our way to an overnight whitewater rafting “bonding” trip with all the new students, and she looked nice enough, so I asked her if I could sit in the empty seat on the bus next to her. We rafted, shared a tent, and got to know each other. And we basically never left each other’s side through the rest of law school. She’s brilliant, hard-working, and she’s one of those moms who always lends a nonjudgmental ear and provides just the right balance of experience-based advice. So as you can imagine, I was thrilled when she agreed to let me kick off my new series of working mom interviews with her. Read on for some of that excellent experience-based advice.
Have you ever come across your dream job on LinkedIn or been chatting with an acquaintance who offers to connect you with an executive at a company you’d kill to work for only to realize you haven’t updated your resume in about five years? Trying to update a resume in a short time is a recipe for disaster. The likelihood that it will be sloppy and include typos is high, and you’re sure to forget major projects or milestones when you’re under the gun. Don’t get caught empty-handed when an opportunity arises. You should spend at least 30 minutes once per quarter updating your resume. Spend a little time on these areas to ensure you’re not missing any important pieces when the time comes to send your resume for a potential opportunity.
You know what feels like a crazy idea? Moving into a non-legal career after spending five years as a lawyer and almost $200,000 on law school. But I did just that. It was scary, exciting, and filled with the thing I hate the most–the unknown–but I came out the other side with a job I love and a new career track that felt right for me. 30 might seem young to some, but after seven years in higher education, it felt like a huge step backward in my career. In hindsight, it was more of a side step, but it was the best move I could have made. Below is a rundown of the dirty details of my career change.
A recent promotion at work has me managing a few new employees, and I realize I’m uniquely qualified for this big task because I parent a toddler. These scenarios are interchangeable for me whether I’m in the office or at home.
Like most students, I was pretty wise to the concept of getting a mentor from early on. I read a lot about how to find a mentor. I was good at pursuing the relationships. And yet, I let a few potentially incredible mentors slip through the cracks because I didn’t properly cultivate the relationship. Luckily, I’ve adjusted my approach and been able to find some fantastic mentors despite my initial mistakes. Keep reading for some of my worst mentor-seeking offenses and how I’ve succeeded at finding a few great mentors since.
I spent seven years in higher education, and I really honed my “student” look during that time. Today, my weekend wardrobe looks a lot like that student look I perfected: jeans, a loose t-shirt, Converse or Rainbow sandals, aviator sunglasses, and a delicate necklace. Unfortunately for me, the industries I work in (law and commercial real estate) are extremely conservative. In my office, business casual is considered progressive in the wardrobe department.
I’ve been working on finding ways to be comfortable, both physically and mentally, in my professional clothes. I’ve curated a capsule wardrobe below that meets my three needs: comfortable, timeless, and as casual as acceptable for a professional workplace.
It happens all the time. You and your spouse are chatting over pizza one night and an app idea pops into your head. Or your sister pitches you to invest in some real estate with her. Maybe a friend asks if you want to partner on a cool new business she’s been wanting to start up. Or maybe your parents offer up a position for you in their business when you finish college. Whatever the situation, it is all too common that these businesses get going informally, and this can create major problems if the business grows, or worse, if the business goes south. Going into business with family or friends is always risky, but when done right, it can be quite rewarding. Consider these as your starting point when starting a family business: