A career in Wall Street shaped Mike Abbaei’s expertise in financial leadership, mergers and acquisitions(M&A) and strategic growth. Over the past 10 to 15 years, he led large organizations, managed high-value transactions and guided teams through complex financial strategies. His experience extends beyond corporate leadership to entrepreneurship, having built and sold multiple companies. Nearly seven years ago, he co-founded Naples Technology Ventures with a partner experienced in healthcare and health tech. Their approach combines investment capital with hands on operational guidance, helping portfolio companies scale efficiently and achieve long-term success.
Expectations In Fundraising
A few years ago, getting capital was much easier. If I had an idea, I could secure funding and start building. That’s not the case anymore. Investors now expect more than just an idea—they want proof of concept, market validation, and confidence that I can lead a team from inception to maturity. I’ve learned that success isn’t just about having a great product. It’s about managing people, scaling operations, and ensuring the company grows in the right direction. Maturity can mean different things—scaling into a strong, independent business or reaching a successful exit— but either way, investors want to see a clear path.
Whether it’s institutional investors or high-net-worth individuals, they all look for founders with experience and execution skills. Raising capital today isn’t just about vision—it’s about proving I can build, lead, and grow a company successfully.
Enhancing Focus Vs. Pivoting
It's common for early-stage startups to shift focus rather than pivot outright. I prefer to call it enhancing their focus. After the proof of concept, when you enter the market, you may realize there are different gaps or higher-priority needs your product can address. That's when you should continue doing market research and speaking to customers to ensure you're meeting their real needs. Adjusting your focus is completely fine at this stage. However, if a company that’s been in the market for years decides to pivot, it suggests it didn’t conduct enough research upfront or wasn’t mature enough to understand the market initially. Pivoting after a few years can indicate a lack of direction. Offering additional products based on customer needs is natural and doesn’t carry the same implications as pivoting.
Building A Culture Of Openness And Inclusivity
Building a transparent and inclusive culture is key. I prioritize creating a welcoming environment where everyone—employees, investors, colleagues, and customers—feels heard and valued. Open communication and teamwork are vital. If an employee suggests something and feels ignored after multiple attempts, it's demoralizing and impacts productivity. On the other hand, when employees know their ideas are heard, even if not acted upon, it boosts morale and engagement. The same goes for board members and customers; their feedback should be respected and addressed. Whether it’s a complaint or a request, customers want assurance that their concerns are taken seriously.
“I Don’t Expect Our Tech Companies To Create New AI Platforms, But I Want Them To Use Existing Ones And Develop Their Own IP To Solve Business Solutions Across Various Industries”
Ultimately, building a culture of openness, inclusivity, and respect is essential for success. Many thriving companies, both private and public, follow this model,which helps align everyone with the company’s values and goals. This is how we shape a culture that grows as we scale.
The Future Of AI In Business Solutions
The rise of artificial intelligence (AI) is one of the most transformative trends we’re seeing. AI technologies, including faster, more affordable AI systems, are being introduced daily. There are two main areas where these innovations are happening: one is in the core AI technology itself—its infrastructure and lgorithms—and the other, which we focus on, is how companies use AI to create business solutions across different markets.
While we don’t aim to build new AI platforms, we encourage companies to leverage existing AI technologies to develop their own intellectual property (IP) that solves real business challenges. In industries like financial services, healthcare, insurance, and manufacturing, there are countless opportunities to apply AI in ways we haven’t fully explored yet. That’s where we see significant growth, and we’re actively looking for companies harnessing AI to deliver impactful business solutions to their markets.
Advice For Aspiring Startup Professionals
My advice is to run your business the old-fashioned way— prudent. Don’t rely on capital raises; spend within your means. Avoid overspending and hoping that capital will magically come through. Investors are more interested in companies that have managed themselves wisely and have grown organically. They want to invest in businesses that are ready to scale with the right capital, not ones that need cash just to survive. I’d rather invest in a company that’s shown steady growth and is ready to accelerate, rather than one on the verge of collapse. As an entrepreneur, manage your expenses carefully, spend what you can afford, and always aim for sustainable growth.