The Small Business and Entrepreneurship Council released its 2009 Small Business Survival Index, ranking which states are best for fostering entrepreneurship. Topping the list this year as the best place to own your own business is South Dakota. The least small-business-friendly? Washington, DC
Martin Zwilling, founder and CEO of Startup Professionals, warns against collaborating with seven types of angel investors that might actually hurt your business. Some specific investors he recommends avoiding:
Some are in jail, some are awaiting their day in court, some are dead. There are chief executives, lawyers, and money managers. Some were only modestly talented in concealing their fraud; others ran elaborate schemes that are impressive in their complexity. But all were busted.