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charliep

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SPEAKER 1
How am I impacted? Now that I've taken angel money, how does this board impact me?
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SPEAKER 2
Well, you now have another person or two that you have to talk to. You and your co-founder can't just sit down over drinks one night and make all the decisions about how the company is going. Now you've got the advice. one or two angels that you have to bring in.
0:24
You have to give them an update on how the company is doing on a monthly basis. And depending on how the agreement runs, when you come to making certain decisions, you can't make that decision any longer on your own You had to have the angel investor involved. So now I have accountability. You have accountability.

Not Your Parents Money

Mar 07, 2025
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Sig Mosley reveals the critical distinctions between raising capital from angel investors and borrowing from family—and why knowing the difference could make or break your startup. Don't miss more game-changing insights from the godfather of Atlanta's tech angel investing scene. Watch.

© 2025 Charlie Paparelli
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0:24
You have to give them an update on how the company is doing on a monthly basis. And depending on how the agreement runs, when you come to making certain decisions, you can't make that decision any longer on your own You had to have the angel investor involved. So now I have accountability. You have accountability.