I have an investor on board, but not too sure how much time they should be spending on my business. Although they have multiple investments, is once a month good enough, to get the idea right? And how long should this phase take? If it takes too long, what do you advise?

In my experience, angel investors bring money but little else. There are exceptions (super angels, etc.), but most angels expect you to run the business, have the ideas, turn them into something profitable and figure out how to make it all work.

If your investor has specific expertise in your market, it makes sense for you to try to tap that expertise. Is once a month good enough? If I had an angel investor with specific expertise in my market, I'd be asking the investor how much time they are able to devote. I would take as much of their time as they could devote - so the answer is really with your investor.

I'd be happy to get on a call to discuss your specific situation.

Answered 7 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2022 LLC. All rights reserved.