By guest authors Irina Patterson and Candice Arnold
Tim: If you’ve got an active angel investor who has the capacity and is ready to commit dollars, if [the answer’s] yes, that’s easy. You understand that.
But if it’s no, and the entrepreneur says, “Why not?” and takes that feedback and modifies his plan, that’s an important part of entrepreneurship and refining the best entrepreneurs and the best plans to get the best investments for not only the investors, but so that the overall package for the entrepreneur is successful. Because once their business plans are packaged and investable, then they’ll have the capital to go and establish their companies, and then they’ll be successful.
Irina: Thank you, Tim. This conversation is particularly important for me because I am based in Miami, Florida, and I think we agree on many points. I hope that we can work together and create some synergies for the benefit of local entrepreneurs, investors, and the entire Florida community.