Top
image credit: Pixabay

5 Ways to Differentiate Between Good and Bad Investors

July 12, 2022

Via: Inc.

Entrepreneurship is full of risks. A big risk is the wrong investors turning a good opportunity into a nightmare, a failure, or both. Entrepreneurs need to take the time to find not just investors, but good investors.

By good investors, I mean most people who are honest, available, and supportive. Bad investors will meddle, distract with endless input, blow you off, and lack empathy for the genuinely difficult task of creating something from nothing. Good investors will defer to the team, constantly cheerlead, provide targeted guidance, tolerate bumps, and work to earn trust.

When I started Getaway, I was paranoid about bad investors. I’d heard too many stories about shouting matches and bad actors and had a few near misses myself. This led me to be wary of sharing information, asking for help, or trusting that my backers had my back. Five financing rounds later, I feel fortunate to have a genuinely good group of investors. Here are some tips so you can find the same:

Read More on Inc.