My First Angel Investment

Ladies and Gentlemen, Boys and Girls and Children of all ages, I proudly announce that I am now officially an Angel Investor. I made my first investment (tiny by all standards) in a friend's venture. He is quitting has quit his plush job to start a business that he and another friend first discussed three years back. Its an online business that attempts to sell things that people cant live without. Its nothing new to be honest, there are 4-5 direct competitors in the market. For these guys, their edge is their confidence and impeccable focus on execution.

It couldn't have come at a better time. People are warming up to using Internet to buy all kind of things, they dont mind using credit cards and they are ok with the concept of ordering things without touching/feeling the material.

As an Angel Investor, I understand that my role goes beyond merely being the Uncle Scrooge (and providing with monetary support). The job is more about helping the business grow with expertise in a certain domain and contacts. I am not too sure if I have either but I can try for sure. I may not be good with marketing but when it comes to brainstorming, I believe I can contribute well. I am also good at situations that requires one to draw lessons from multiple disciplines and as the cliché goes, connect the dots. I am hoping that these guys can make good use of whatever limited skills I have.

In terms of measurable contribution, I am supposed to help them with marketing their service and help them reach their target audience. The good part is that they have been able to define their target consumer in so much detail that I can see her walking down the street. The bad part is that we dont really have any money to reach our target customer. But like they say, what is life without a good challenge. This is the first new thing that I am doing in 2013. Wish me luck.

And if you think you can help with giving me ideas on how to market the product, please do let me know, I would be happy to share more details.


Parth Gohil said...

i don't know how much help i can be but I'd be happy to help, do let me in on the details of the product.

SudS said...

If the business you have invested in was operating out of Delhi, I would have called everyday to order suttas :P

days are awating said...
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