How To Find An Angel Investor
How To Find An Angel Investor
- Bridge the love money / venture capital funding gap.
- Can provide both money and management expertise.
- Invest in 60% of startup companies.
- Invest 5 times more money than venture capitalists.
- Are successful entrepreneurs and professionals.
- Have an average annual income of $100-250k.
- Work through informal networks of business associates and professionals (lawyers, accountants, brokers)
- Are known for being private, independent and even reclusive.
Angel Investors - What They Look For
- They have related experience and industry contacts.
- You have a good story, honesty, and a passion for the business.
- They want to live vicariously through you / relive past glory.
- They like you and want to help.
- You are a close distance from them (in the same city).
- You have a solid business plan.
Angel Investors - What To Do
- Lose your ego.
- Ask for help, not money.
- Get them involved, show them, let them get hands on instead of just reading a business plan.
- Listen, don’t sermon.
- Respect their money.
- Respect their time.
Angel Investors - Where To Find Angels
- Informal networks (Accountants, lawyers, business associates etc.)
- 6 degrees of separation
- $100-250k income individuals
- Retired professionals / entrepreneurs
- Angel groups
Angel Investors - Why Angels Say No
- Angel and entrepreneur have different values, no trust
- Entrepreneur shows resistance to due diligence and defensive responses
- Entrepreneur has a passion for technology over flexibility
- Entrepreneur has poor knowledge of market, competitors
- Angel does not have ability to work with team
- Entrepreneur has "shopped the deal" and seen too many potential investors
Angel Investors - Investment Amounts
- Averages between $50,000 and $250,000.
- Below $50,000 is usually "love money" - friends and family.
- Above $250,000 is usually groups of angel investors or venture capitalists.
- They typically see themselves as a stepping stone to further financing.
- Their due diligence is usually between 6 and 8 weeks.
- Angels see an average of 8 to 10 potential investments per year.
- They will make between 2 and 3 investments per year.
- The Rule of 10 is that for every 10 investments an angel makes, 2 or 3 will be successful, 3 or 4 will fail, and the rest will struggle along.
How To Find An Angel Investor - To learn more about this author, visit Evan Carmichael's Website.
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Angel Investors - Who Are They?
- Bridge the love money / venture capital funding gap.
- Can provide both money and management expertise.
- Invest in 60% of startup companies.
- Invest 5 times more money than venture capitalists.
- Are successful entrepreneurs and professionals.
- Have an average annual income of $100-250k.
- Work through informal networks of business associates and professionals (lawyers, accountants, brokers)
- Are known for being private, independent and even reclusive.
Angel Investors - What They Look For
- They have related experience and industry contacts.
- You have a good story, honesty, and a passion for the business.
- They want to live vicariously through you / relive past glory.
- They like you and want to help.
- You are a close distance from them (in the same city).
- You have a solid business plan.
Angel Investors - What To Do
- Lose your ego.
- Ask for help, not money.
- Get them involved, show them, let them get hands on instead of just reading a business plan.
- Listen, don’t sermon.
- Respect their money.
- Respect their time.
Angel Investors - Where To Find Angels
- Informal networks (Accountants, lawyers, business associates etc.)
- 6 degrees of separation
- $100-250k income individuals
- Retired professionals / entrepreneurs
- Angel groups
Angel Investors - Why Angels Say No
- Angel and entrepreneur have different values, no trust
- Entrepreneur shows resistance to due diligence and defensive responses
- Entrepreneur has a passion for technology over flexibility
- Entrepreneur has poor knowledge of market, competitors
- Angel does not have ability to work with team
- Entrepreneur has "shopped the deal" and seen too many potential investors
Angel Investors - Investment Amounts
- Averages between $50,000 and $250,000.
- Below $50,000 is usually "love money" - friends and family.
- Above $250,000 is usually groups of angel investors or venture capitalists.
- They typically see themselves as a stepping stone to further financing.
- Their due diligence is usually between 6 and 8 weeks.
- Angels see an average of 8 to 10 potential investments per year.
- They will make between 2 and 3 investments per year.
- The Rule of 10 is that for every 10 investments an angel makes, 2 or 3 will be successful, 3 or 4 will fail, and the rest will struggle along.
How To Find An Angel Investor - To learn more about this author, visit Evan Carmichael's Website.
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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