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Angel investor shares cautionary advice for LGBTQ founders

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Elliot Tomaeno, an angel investor and the founder of Astrsk PR, shared his advice for LGBTQ founders navigating the uncertain political climate. Though things may seem bleak, he believes that not all hope is lost to get your startup off the ground.
The article on AOL Finance features insights from angel investor and entrepreneur, Joanne Wilson, who shares cautionary advice for budding entrepreneurs. Wilson emphasizes the importance of understanding the full scope of what it means to take on investment, particularly highlighting the potential loss of control over one's company. She advises entrepreneurs to be wary of giving up too much equity early on, to thoroughly vet potential investors for alignment in vision and values, and to consider the long-term implications of investor involvement in business decisions. Wilson also discusses the emotional and psychological pressures that come with fundraising, urging founders to maintain their mental health and to not let the quest for capital overshadow the original mission of their startup. Her advice serves as a reminder that while investment can propel a business forward, it comes with significant trade-offs that need careful consideration.

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