Capital Ideas: Jerry Katz of Billiken Angels Network
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As the St. Louis region continuesย to cultivate innovative founders, ideas and companies, the need for additional funding sources grows. We asked 10 St. Louis-based venture and private equity firms to comment on the gaps they see for our startups, what they consider when making investments and how they view St. Louisโ current funding climate.
Jerry Katz is Director of the Billiken Angels Networkย andย SLU Chair in Entrepreneurship.
From your perspective, what gaps do you see in local funding for startups?
We need more angels for the post-accelerator space, and more Series A funders wouldnโt hurt.
What are some of your organizationโs current focuses or goals?
Keep increasing the number of deals we do. Keep hoping for notable exits.
When looking at potential companies in which to invest, what are the top three factors you consider?
The entrepreneurโs skill and trustworthiness, customer acceptance (traction) and potential upside.
What advice do you have for founders seeking capital right now?
Build as much as you can before takingย angel money. Take angel money when you have a harvest in mind.
Why should investors invest in St. Louis startups right now?
High-quality startups are coming out of our accelerators and the increase in opportunity diversification.