The following lessons are part of my “ReInventing Series” of posts from TEDxPennQuarter:

Plan For the Beginning of Something Great, Not the End!

Kim Scheinberg gave a great talk on “Reinventing Angel Investing”, where she pointed out that we invest way too much energy into planning for the end of things (eg. Prenuptial Agreements and Term Sheets for Angel Investing)! Kim’s strategy for angel investing through her fund, Presumed Abundance, is based on building strong long-term relationships with entrepreneurs. In fact, the entrepreneurs she invests in become her partners in choosing future investments. Kim doesn’t just invest in businesses, she invests in people — and I think that’s what we can all learn from her. Build strong relationships based on “the beginning of something great”, rather than planning for the “break-up”.