Loretta McCarthy of Golden Seeds: Angel Investors and the Power of Asking the Right Questions
Loretta McCarthy is a managing partner at Golden Seeds LLC, an investment consortium that invests in early-stage women-led businesses. Currently, Golden Seeds is one of the biggest and most active angel investment networks in the US. Loretta Managed the National Golden Seeds Network. She has also previously worked with companies on Wall Street such as American Express and OppenheimerFunds , and has served as a board member of many nonprofit and for-profit organizations.
Here’s a glimpse of what you’ll learn:
- [1:51] Speed round with Loretta McCarthy
- [3:44] Loretta’s very first ask
- [5:39] People that Loretta has met who makes really good asks
- [8:08] Telling your story versus telling the content of your story
- [10:30] Do women ask differently from men?
- [12:29] Asking a question and turning it into something positive for you (or your business)
- [17:22] Where do founders go wrong when it’s time to wrap up a pitch?
- [22:43] The most compelling ask that Loretta has ever seen
- [25:38] The importance of having a diversified portfolio as an investor
- [28:12] Why entrepreneurs need to do their homework on their investor before making their pitch
- [31:57] The right way to ask an investor for a value add in their investment
- [36:22] The best way to follow up and to nurture a relationship with an investor (whether they invested or not)
- [38:51] What’s happening at Golden Seeds
In this episode…
Are you thinking of reaching out to an angel investor? Do you know what you need to present and how you’re supposed to present it in a pitch? Are you asking the right things to get the right results for your business?
Loretta McCarthy is a managing partner at Golden Seeds LLC, an investment consortium that invests in early-stage women-led businesses. She matches founders with potential angel investors and helps them navigate through the tedious process of presenting their work to the right people under the right category.
On this episode, Stephanie Sims is joined by Loretta McCarthy in discussing the importance of asking compelling questions that can lead to positive results for your business and, right ways to present your pitch and making follow-ups. It’s an incredibly informative discussion on developing your asks and getting results so tune in.
Resources Mentioned in this episode
Sponsor for this episode...
Finance-Ability is a boutique consultancy firm dedicated to helping business owners and startups find funding through the right channels. Founded by financial decisions guru and all-around business transactions expert Stephanie Sims, Finance-Ability can help anyone determine the value of their business by taking a closer look at all the details that make up the whole.
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Stephanie has over 20 years of experience having worked with companies like Goldman Sachs and CSFB. If there’s anyone with their heart in the right place when it comes to championing the dreams of small business owners and startup companies, Stephanie is that person. Let Finance-Ability help you get the funding you need and deserve to get your dreams soaring high towards your own brand of success.