As an entrepreneur, you’re searching for investors that are a good fit for your business, and investors are searching for essentially the same thing in reverse: Investors invest in people. Not just an idea, the magnitude of the industry, or the product. Investors gamble on your team’s ability to perform on the idea presented. So how do you prove to potential investors that you’re able to lead and build the right team for the job? And how do you prove that your idea is going to pay off in the end?
On today’s episode, we talk with Minnie Ingersoll. Minnie is a partner at TenOneTen, a Los Angeles-based venture firm established in 2013, that invests in start-ups that apply data and technology to disrupt existing industries. Minnie is also the host of the LA Venture podcast, where her and fellow managing partner, David Waxman, provide opinion on the rapidly growing LA tech scene through conversations with fellow investors and other players in LA’s startup ecosystem.
In this episode, you’ll get to hear Minnie share her thoughts on how investors should bet on people and not just the idea they’re investing in, the challenges of balancing home life and startup life, and the difficulties of launching her first startup. You’ll also get to hear her take on the constantly growing tech scene in the Los Angeles area and how venture capitalists are jumping in on this rapid growth. Tune in for more!
In this episode with Minnie Ingersoll, you’ll learn:
- Minnie’s personal experience and growth in entrepreneurship
- Challenges of launching a startup
- The importance of investing in people and not just an idea
- What tech culture is like in the Los Angeles area
Please enjoy this conversation with Minnie Ingersoll!
- Listen to it on iTunes.
- Stream by clicking here.
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Minnie Ingersoll quotes from this episode of Igniting Startups:
“We didn’t learn in some secret place where, you know, you missed out on learning the thing that everyone else learns. The truth is, it’s a constant. Everyone’s constantly reinventing themselves, trying to keep up with what’s current.” -@himinnie of @tenone10 on @PowderkegCo
“And now I see entrepreneurs sometimes who I feel like they built a business. They figured out that that process of like raising pre-seed money and building sort of a business, but they actually haven’t launched a lot of product in their life, whereas I had launched a lot of product but hadn’t ever thought about how to build a company.” – @himinnie of @tenone10 on @PowderkegCo
“One of the advantages of being an angel investor and investing in people, you know, is that you’ve seen their track record in life, even if it isn’t their track record in this particular thing. Like, you just sort of end up knowing, like, I would invest in this person regardless of what they’re doing.” -@himinnie of @tenone10 on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
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Did you enjoy this conversation? Thank Minnie Ingersoll on Twitter!
If you enjoyed this session and have a few seconds to spare, let Minnie know via Twitter by clicking on the link below:
What stood out most to you about what Minnie shares in this podcast?
For me, it’s the importance of investing in people and not just an idea.
You? Leave a comment below.
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