It’s Time to Start Networking for Real

new, year-long MTLC Accelerator Program. This semi-structured roundtable of founders and CEOs is designed to allow participants to learn from each other and make faster connections to the marketplace.

We also intend to collaborate with several other networking organizations in town to reach a wide base of people. Specifically, we are launching a new program called “Storytelling,” where we will partner with other organizations to bring leaders in the technology community to share their lessons learned, the ups and downs, and how they navigated challenges to find success.

You don’t have to wait for these programs to get on the bandwagon. You don’t need a button on your lapel saying, “Ask me whom I know!” When you run into a startup that you find interesting, just ask them, “What are your three biggest needs?” and see if you know somebody who is a good fit. A big name or your most protected contact usually isn’t the right answer; it’s somebody where there’s the potential for an excellent two-way relationship. It is a small expense of your social capital, and if the fit is a good one, you will gain way more than you spend.

As for me, I do this most days but have had trouble scaling it, particularly in areas with which I’m less familiar. My most recent examples of facilitating connections have involved a trio of impressive entrepreneurs, one creating high-end technology for financials services, another working on non-invasive medical diagnostics, and the third developing a new system in robotics. I know enough to see that each probably has a substantial opportunity in front of them, but they need just the right people and organizations as partners at critical phases of their company’s growth. So with their permission, I’ll tweet a brief description of what they need to see if other people might know the right person to connect them with or be a good fit themselves. So, follow @CommonAngels, if you don’t already, and be on the lookout for some cool people and opportunities. And think about doing something like this yourself. I’ll be on the lookout for your introductions, too.

Author: James Geshwiler

As Managing Director of CommonAngels Ventures, James runs one of the first formal venture capital investing networks and the largest in the Northeast. He joined CommonAngels in 1999 when it was an informal group of private investors, and since that time has grown it into a structured network that has invested $44 million from individual investors and two $10 million co-investment funds in 39 companies and worked with them through over 100 rounds of financing totaling over $270 million. James also was the founding chairman of the Angel Capital Association, the professional alliance of angel groups that has grown from 46 groups as charter members to now over 125, representing over 5,000 investors. He also was the founding chairman of ACA's sister organization, the Angel Capital Education Foundation, in partnership with the Kauffman Foundation. AECF works with angel investors, venture capitalists, academic leaders and entrepreneurs around the country to provide research and educational programs on angel investing. He is a contributing author to Cutting-Edge Practices in American Angel Investing, published in October 2003 by Darden Business Publishing of the University of Virginia, has written papers and various articles on angel investment processes, and regularly speaks on entrepreneurship and private investing. He holds a bachelor's degree with highest honors from the Liberal Arts Honors Program at the University of Texas at Austin, a master's degree in political science from UCLA, and an MBA from MIT's Sloan School of Management. James also is an avid rower and a member of Cambridge Boat Club. [Editor's note: CommonAngels is the lead investor in Xconomy.]