My own ideas or investing in others?
By Rishi Anand
I have said it before; “I’m both an angel investor AND an entrepreneur”.
You simply cannot be a business angel investor without also being an entrepreneur, or at least not a very good angel investor, in my opinion anyway. Because of this “two-tiered title”, I can’t help but feel so excited and inspired every time I hear or read about a relatively new start-up selling for a huge windfall. I guess those types of exits reap wonderful rewards for either the entrepreneur or the angel investor and hence the mutual feelings of success I feel.
Over the past few years, we have seen some truly spectacular start-up acquisitions. eBay bought Voip company Skype for $2.6 billion (even more if certain milestones are met). Google bought YouTube for $1.65 billion. News Corp. bought MySpace for $580 million. The list goes on and as the internet expands and develops and increases in both users and download speeds, I can only imagine what lies ahead. In all of these deals, both the entrepreneur founders and the early-stage investors were winners. Not even 'just winners' but 'HUGE winners!'
It does make one think; “what’s better to focus on, my entrepreneurial creativity or finding and investing in others entrepreneurial creativity”? The answer; sorry, I don’t think there is an answer that works for all. I personally think it has everything to do with timing, resources available to you at the time and circumstances beyond your control. For example; you just invested in a start-up with what you thought had the right people and drive in place and have come to find out they need you to step in and provide the right direction (and possibly more cash) in order to succeed. I often say that in the end, logic prevails (well, a nice thought anyway) and I would also like to think that choosing between finding entrepreneurial creativity in yourself or finding the best angel investments will also prevail when it comes to deciding where best to concentrate your efforts.
Perhaps it’s as simple as holding the vision and belief in the object you wish to achieve. If so, it could take you down either road. In the end, if you have what it takes and the right eye for opportunity, you will get there.
By Rishi Anand
Written for and behalf of Venture Giants Enterprises Ltd.
Venture Giants is a premier UK business Angel investment network and small to mid sized business networking portal that matches active business angel investors with entrepreneurs' seeking investment capital and business funding.