Key attributes:
- know where they can help and where they cannot: where they cannot, to stay out of your hair (investors and board members can subtract substantial value)
- where they can help:
- relationships / introductions: strategic advice, employees, deals, customers, financing (follow-on)
- strategic advice: product, company building, financing, deals, competition, business strategy with all players (company, investors, founders, employees, etc.)
- credibility: add credibility to the company (anticipated future value, persistance) by their brand, network, and selection
It is important to think of the angel investors (and vc investors) as part of the team: so the chemistry of your partnership and teamwork is very important
