00:58:45 Maldives – Shafiu Hussein (Organizer) – Ask Jason – What are the barriers for a VC or Angel to invest in a company a long ways away?
Answer – Generally VC and Angels won’t invest in companies over an hour away, some will travel by plane short distances but you need to find someone local. Try build an Angel investment community by finding someone successful in your area and play to their ego. Because, you live in such a romote location take a successful (locally oriented) idea from another country (like Groupon) and create it in your country. Play to your strengths which is little competition you could easily start a podcast and provide lead generation for the tourist industry.
Watch full Episode here: http://thisweekin.com/thisweekin-startups/this-week-in-startups-65-global-meetup/.
The next TWiST Maldives Meetup will be on 22nd September, 7:30 AM
http://www.meetup.com/Startups/16620/
Source: Maldives on this week in Startup
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