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Angels vs VCs: A Primer on How They Think, Part 1

Understanding investor motivations and mindsets.

Angel money or venture capital? A frequent question many entrepreneurs face when navigating the financing needs of their startup company. The reality is these two investor types think quite differently. Understanding their motivations is imperative if you are to make it through the fundraising minefield and bridge the fiscal valley of death.

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Medellín: A City of Centralized Influence

This is our second post in our Colombia conglomerate / family research series.

Our understanding of Medellín is that the city is reasonably tight-knit, with the majority of businesses influenced by a core group of ‘five families’ that operate behind closed doors. Gathering info on these families proved to be remarkably challenging.

Before we continue further, please note the legend below to help you follow the maps and ownership patterns.

A map of Grupo Sura and Grupo Empresarial Antioqueño in Medellín

The primary entity of the Medellín region is ‘Grupo Empresarial Antioqueño’ (see map below), an unofficial consortium of 125+ companies. This confederation or ‘sindicato’ is comprised of three significant conglomerates that are interconnected with each other: Grupo Sura (insurance), Grupo Nutresa (food and chocolates) and Grupo Argos (cement). This joint ownership across different business entities was created as a way to prevent hostile takeover in past decades, both from outside businesses and from drug traffickers.

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The Conglomerates and Oligarchs of Colombia

Many countries around the world are influenced by de facto oligarchies. These oligarchies frequently take the form of multi-generation families that own / control major economic industries of that city, country or region. These families are incredibly influential. They can act as kingmakers in politics and business. They can make or destroy opportunity. They often build empires (or ‘conglomerates’) of inter-related businesses. Sometimes these families collaborate or co-invest with each other; other times these families maintain distaste for each other. Of course, these families and their empires are most often very opaque.

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Austin: Discover Startup Investing this October

The Startup Angels workshop is heading to Austin this October. If you’ve ever considered startup investing, the workshop is your chance to hear best practices and join a growing network of angel investors around the globe.

On October 19 and 20, Startup Angels and Capital Factory will host a Startup Angels workshop designed for the Austin community. The workshop will offer aspiring angels, current investors, wealth managers, limited partners, and family offices an insider look at best practices and the latest methodologies on startup investing. (more…)

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Chicago: Join Gordon Segal and Leading Investors On September 27-28

Join aspiring and experienced investors, local entrepreneurs, and guest speakers at the upcoming Startup Angels Workshop at 1871 Chicago on September 27 and 28.

We’re thrilled to announce that Gordon Segal is the newest addition to the speaker roster for the workshop. Gordon’s background in entrepreneurship, corporate leadership, investing, and more will provide an invaluable addition for attendees. (more…)

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Announcing Our First-Ever Angel Investor Workshop for the Chesapeake Crescent Region

The Startup Angels workshop is heading to Chesapeake Crescent. If you’ve ever considered startup investing, the workshop is your chance to hear best practices and join a growing network of angel investors around the globe.

On August 18 and 19, Startup Angels and Startup Maryland will host a Startup Angels workshop designed for the Chesapeake Crescent community (the startup community surrounding the Chesapeake Bay in Maryland, DC and Virginia). The workshop will offer aspiring angels an insider look into best practices and the latest methodologies to begin their investing journeys.

“The Chesapeake Crescent region is teeming with a diversity of industry sectors almost unmatched in the U.S. Combining a dynamic community of active and sideline angels together with a stable foundation of startup resources and you have the makings of a deal flow powerhouse,” says Michael Binko, Founder and CEO of Startup Maryland. “A driver of the broader Mid-Atlantic region, Maryland is poised to be the center of perhaps the most vibrant entrepreneurial ecosystem in the country.” (more…)

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