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The Problem

AngelSpan bridges the information gap between startups and their stakeholders through proper reporting and consistent communication.

The Information Gap – Startups & Stakeholders

The well-documented information gap between startups and those who care about their success often results in:

Frustrated Investors, Advisors, and Other Stakeholders

  • Investors feel taken for granted
  • Advisors struggle to contribute effectively to a startup’s success
  • Other stakeholders go underutilized by CEO

More Difficult Funding Rounds

  • Smart investors are unlikely to follow on their initial investment if the CEO was silent or inconsistent in communicating
  • New investors will only invest after they have tracked a startup for a period of time
  • Statistics show it takes 7 to 12 “touches” with an investor before they invest

Higher than Necessary Startup Failure

  • Building a company from scratch typically:
  • Takes 5-7 years
  • Requires support from a wide audience of stakeholders
  • Entrepreneurs that don’t efficiently engage a wide audience for support are increasing their odds of failure

The Research

Investors
Agree startups that communicate perform better 83%
More likely to offer help to startups that communicate 77%
Entrepreneurs
Provide relevant information 24%
Provide monthly operational updates 18%
Read the survey
Data source: online survey of 46 investors and advisors in the US covering 7,612 startup companies. Survey conducted April 2016 by Texas Venture Labs in partnership with AngelSpan.

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