In our world of constant innovation and creation, startups are everywhere. With that said, what is a startup? Forbes attempts to address this question, but there is a lot more to it than a simple copy-and-paste explanation. While startups are typically known to involve technology, it seems that any business could qualify as a startup – whether that be a company of doctors, writers, or even a San Antonio movers company. The general definition changes depending on who you ask.
Classifying a Startup
To some, a startup is a business with the purpose of solving a problem; however, the solution is not necessarily clear, and the success of the business is up in the air. To others, a startup is rather a state of mind; it means sacrificing your stability for the idea of promised growth and impact. Some think a company of five years could be a startup, while others think a startup is a company without much revenue and a small employee base. At the same time, there are others still that say a startup only stops being a startup when the employees no longer feel that they are making an impact.
What is the San Antonio Angel Network?
The definition of a startup may be unclear, but that doesn’t mean that there isn’t plenty of faith in the industry for these businesses to thrive. Investors all over the world are putting their money into startup companies. The risk of these startups may be increased, but the return is increased, as well.
The San Antonio Angel Network is a group of investors that specializes in working with startups. In fact, that is the very definition of an angel network or angel investor: a person or group who invests in startups. The San Antonio Angel Network works mostly with local startups. Out of the thirty or so startups that they meet with each month, approximately half of them are started locally.
Created in December of 2016, the San Antonio Angel Network currently consists of around 75 members. The group of investors plans to limit the number of members they include to one hundred. Their purpose in restricting the number of investors is to keep the network as tightly-knit as possible. According to the network’s leadership and executive director, Chris Burney, this will also help keep each relationship formed with the investor’s personal.
Who is the San Antonio Angel Network Investing In?
Although the network recently invested just over $1 million across four different technology startups, they are also looking into various medical startups, as well. The startups they look into, regardless of their field, are also not limited to the local area of San Antonio. With the intentions of broadening their investment spectrum, the network will be looking into startup opportunities everywhere, they say.
Developing a Startup in San Antonio, Texas
With network members such as the well-known investor and owner of the Dallas Mavericks, Mark Cuban, the San Antonio Angel Network has become very popular. Their purpose is noble in encouraging the development of new ideas and businesses in San Antonio, Texas and around the world. With the help of the generous angel investors in the network, startups of any background will soon be able to make significant impacts in the world of business.
Even though there are many startups receiving investments from the San Antonio Angel Network, it’s important to know that the road to developing a startup is extremely difficult. Many things will come as a surprise to those who come into things as dreamers and believers. Although startups may originate from an idea or a dream, they will only succeed due to dedication and hard work. Startup founders are determined to succeed and make an impact on the world through their business. Now, with the generous help of the investors from the San Antonio Angel Network, these founders’ dreams have become that much more achievable.
If you enjoy the content at iBankCoin, please follow us on Twitter
