The world of investment is becoming simultaneously smaller and larger than before , and attitudes within the sector are noticeably changing . MacDonald notes two primary shifts : 1 ) Greater emphasis on real-time , data-rich communications to enhance mentoring ; and 2 ) A willingness to discuss ‘ difficult ’ topics . “ Attention to cash flow and profitability has been a big change ,” he suggests . “ Conversations regarding financial prudence have taken on new meaning and the entrepreneurs
“ Conversations regarding financial prudence have taken on new meaning and the entrepreneurs have been much more receptive to these hard conversations ”
— Steve MacDonald , Angel investor and founder of MacDonald Ventures
have been much more receptive to these hard conversations .” Martínez concurs , claiming that the market has validated a “ back-to-basics ” approach to mentoring focused on growth and profitability . Interestingly , he adds that entrepreneurs are even demonstrating a proclivity to “ share their state of mind and look for comfort ” from investors . This suggests that an element of distance may , paradoxically , have enabled people to become closer .
Building on MacDonald ’ s first point , Koertge adds that accelerated digital transformation across the board has served to ramp up the quantity of data produced and managed by enterprises . Therefore , internal
55 fintechmagazine . com