Run With It

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Summary

Social impact entrepreneurs, women, and people of color typically have a harder time raising money. Listen to Fatimeh describe a business idea to help people from underrepresented groups connect with Angel Investors.

Show Notes

Nuggets:

  • Why Fatimeh believes Angel Investors are better than VCs for social impact entrepreneurs
  • Consumers get better products when marketplaces embrace diversity
  • The ways in which the relationship between investors and founders is like a marriage

Action Steps:

  1. Outline business plan for how this service will work
  2. Draft standardized documentation for the relationship between founder and investor
  3. Speak to investors in order to understand their psychology and motivations
  4. Contact large companies that have in-house venture firms with social benefit funds
  5. Research “government opportunity zones” and summarize associated benefits
  6. Research conferences that exist for social impact entrepreneurs to pitch their ideas
Follow through on these action steps and email us your results at update@runwithit.fm. You'll get exclusive access to a private Facebook group of action takers and one listener will earn a free mentorship call with our guest, and potentially, a business partnership.

Links:

Upside.fm - Venture capital outside of Silicon Valley
Alumni Ventures
Brotopia
Investors prefer entrepreneurial ventures pitched by attractive men
Legal Intelligence to Entrepreneurs (LITE)

Fatimeh is an attorney based in Illinois and Wisconsin. She helps entrepreneurs raise capital, capture intellectual property rights, and ground their professional relationships in strong contracts. Fatimeh delights in taking the intimidation factor out of law by educating her clients and giving them a sense of ownership over their legal tools. She spends a tremendous amount of time thinking about how to make the law more accessible, and aims to design elegant solutions to entrepreneurs’ practical problems. In 2018, Fatimeh founded LITE LLC, Legal Intelligence to Entrepreneurs LLC, a law firm devoted to providing proactive and holistic legal advice to social impact entrepreneurs.

What is Run With It?

Need a business idea? Run With It shares unused business ideas from successful entrepreneurs, including the exact steps they would take to launch them. If you're looking for a ready-made business idea, proven founders are sharing them every week on Run With It.