Speaking of Startups

Charlotte Angel Connection Episode 055: Keith Luedeman, Founder of GoodMortgage


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This week we continue our two part interview with Keith Luedeman, founder of GoodMortgage. Last week, we spent most of our time talking about Keith and GoodMortgage in a really exciting interview.  This week, we wanted to turn the page and talk to Keith about his newfound role as startup advisor and angel investor.  Since he is new to this space/role, we were fortunate to get some really good insight into where Keith is in the process and I think we get a glimpse into where he will be in the future too.  It’s an awesome discussion with someone Charlotte should be thankful we have on our team.

Enjoy listening to Keith discuss the following and more.

At what point in time after selling Good Mortgage did you realize you wanted to get involved in the startup community?

How did Keith find the Charlotte angel investing and entrepreneur scene?

How is Keith going to tackle his new hobby of being an angel investor?   After all, it’s not something he has done before so how does he expect to grow into this new role?

He had profitability in the 1st quarter of Good Mortgage – is that something he is going to look for? If not, what does Keith expect to be a priority when he starts to look at companies?

Does Keith expect to be an active role as an investor by serving on multiple boards?

What does Keith think about the Charlotte startup and investor scene?  (Hint: Keith is excited about where things are and where they are going).

Keith has owned real estate (commercial and residential) and Charlotte has many real estate investors.  Why is Keith interested in early stage investments instead of sticking with something he has known and understood for the last 15-20 years?

How does Keith think about risk capital?  How does Keith come up with his ‘number’ when determining how much he is going to invest in risk companies?  (FULL DISCLOSURE: every investor should talk with their financial planner or investment professional before committing risk capital as every family has different risk tolerance AND risk capacity).

With such a low investment minimum for the Charlotte Angel Fund ($25,000), why aren’t more people participating in an angel investment?  (VentureSouth has a minimum investment of $50,000 or a $2,500 subscription fee – click here to learn more about VentureSouth and Charlotte Angel Fund).

How much of the process for the Charlotte Angel Fund has been surprising to Keith?  What has he learned along the way of going to these meetings?

And much more….

That was fun.  Don’t forget to join Keith and many others at the Fintech Generations Conference on June 13 at AvidXchange. Next week, we will host Dan Roselli and Sarah Smith to talk more about the Fintech Generations conference and Class 8 from the QC Fintech Accelerator program before we jump back into some interviews with local entrepreneurs.  And when you register, use the coupon code CLTANGEL for 50% off the conference price.

 

William Bissett is an Investment Advisor Representative with Secrest Blakey & Associates, a Registered Investment Adviser.  Opinions expressed on this program do not necessarily reflect those of Secrest Blakey & Associates. The topics discussed and opinions given are not intended to address the specific needs of any listener. 

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Speaking of StartupsBy William Bissett, CFP

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