Scott Shane is the A. Malachi Mixon III professor of entrepreneurial studies at Case Western Reserve University. His books include Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live by (Yale University Press, 2008) and Finding Fertile Ground: Identifying Extraordinary Opportunities for New Businesses (Pearson Prentice Hall, 2005).
About Scott Shane
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While much of angel investing is the same everywhere, angels outside of Silicon Valley need to do a few things differently to be successful.
Women are making strides in business ownership, but still lag in some important areas.
Whether small business owners think their state government is supportive or hostile depends on who they are, the kind of business they are running, where they are located and their political beliefs.
What kind of funding you seek can make all the difference in how much money you raise and how much control you keep.
Equity crowdfunding is hampered by regulations designed to curb stock-market abuse.
The types of investors who put money into reward-based crowdfunders aren't the ones who will buy shares through equity crowdfunding – at least not at first.