Skip Simms, Senior Vice President of SPARK and Managing Member of Michigan Angel Fund is in a unique position to give advice for companies looking for resources to get an idea off the ground, to get funding for an established business. Obviously, in his roles he deals daily with the State of Michigan’s Smart Zone Network and the Small Business Development Center (SBDC) – of which Michigan is one of the premier programs. He also deals daily with technology entrepreneurs. He knows what is needed to capture the attention, and the money, of investors.
These include the passionate belief in the idea and product, integrity and honesty in dealing with all persons involved in making a business successful – employees, customers, vendors, partners, investors – and not being afraid to tell the bad news as well as the good. It is also a level of business acumen – where the financials are understood, and sales are paramount. It’s being aware that you don’t know what you don’t know, and checking the ego at the door when looking for help. It’s a willingness to listen to the customer and make necessary changes to get that sale, get traction for the company.
If this sounds like your business, and you believe you may be ready for that serious round of funding, or even if you may need it in the future, Skip gives the insight only an insider can to get the dollars you need to move to the next level. Don’t miss this week’s The Trep Talk!
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