The Investor's View: Does Attending Ecosystem Events Improve Chances Of Investment
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How many ecosystem events have you attended this year as an entrepreneur hoping to meet a potential investor? Startups tell us that one of the primary reasons they choose to go to MENA region events is to improve their chances of funding. We asked investors based in the Middle East, from angels to VCs, to talk back and give us their views on whether startups attending events were better positioned to garner investor interest.
THE Q When assessing startups for potential investment, do you consider how often they attend events in the ecosystem?
“Ecosystem presence is necessary. It shows the strength of the entrepreneurs’ network, their approach to business development, and helps verify reputation. On the downside, a regular presence without significant progress between events is an indicator of lack of substance or traction. And I prefer to stay away from those addicted to competitions.”