Acronyms abound in the business world - think GFC, Ebitda, Opex, Libor, OCR. Now visiting American angel investor John Huston has added a new one - EGC. It stands for exit goal congruence and means the investor's desire to eventually sell the company and make a return is matched by that of the entrepreneur.
It's the most important thing for any angel investor to consider before they commit their money, he said. Huston became an angel investor in 2000 after retiring from a 30-year career in banking and founded the first Ohio TechAngel fund in 2004 with 50 investors. It later became a founding member of the US Angel Capital Association.
