A few years ago, for most of us "start up" was a verb — it was something you did to a car. These days it's a noun. A startup is a new business, typically based on a new and untested idea.
One of the toughest things about a startup, the noun, is the verb — starting it up. The main obstacles are figuring out the best way to go about it, and how to pay for it. One place startups turn to start up is an angel investor. Having an angel investor is kind of like having a successful uncle who believes in you enough to give you some capital and guidance.
Mike Eckert is Vice Chairman of the nationwide Angel Capital Association and chairman of the local NO/LA Angel Network. Mike has had some experience in starting up companies. Among them: The Weather Channel, and he was its CEO for 14 years.
If you already have a business and you'd like to grow it, Knud Berthelsen's company Connect and Trade can show you how. Knud can tell you, as he says in the title of his new book, How New Technology lets Anyone Market and Sell to Anyone (Anywhere). And he has the data to back it up.
In the Remember, You Heard It Here First segment of today's show Peter introduces Mike and Knud to entrepreneur Justin Kray, inventor of a new board game, Interrupt!