|
||
How can I get angels to invest in my company?
In 2004 it was estimated that angels invested 24 billion dollars in 55,000 businesses. Most groups meet on a regular basis to review businesses looking for financing and they decide as a group whether to invest with the business presented.
The most common businesses to be financed by angels are software, medical devices, Angels are generally successful entrepreneurs themselves and so have experience with starting businesses up. They have the experience to see great business ideas and sometimes offer their expertise to help with business advice. They can be the help from heaven your business needs-thus the name angels. It is critical to get your business considered by an angel group to find a referral. Check around in your network of people for friends or others you are acquainted with that know angel investors. It is a good idea to ask your attorney or business friends who they know as it is always a foot in the door to know someone in common. In order to get angels to invest in your company you need to do your home work on the local angel groups in your area. Find out which businesses they specialize in if any and what their normal meeting times are. Make sure you find out any procedural things such as forms they want you to fill out or questions you will need to answer to be considered. Most have websites with information for you to learn the answers to these questions. Not all businesses are right for angel investors. There are some important questions you must ask to see if an angel investor is right for your business.
Angel investors look for specific things to make their decisions about which companies get their money. Here are ten things that angel investors will be looking for:
If you still want more information here are some recommended books about getting an angel to invest in your business. Angel Investing: Matching Start-up Funds with Start-up Companies (Guide for Entrepreneurs, Individual Investors and Venture Capitalists), by Mark Van Osnabrugge and Robert Robinson. Published in 2000 by Josey-Bass. ISBN number: 0-7879-5202-8. Every Business Needs and Angel: Getting the Money You Need to Make Your Business Grow, by John May and Cal Simmons. Published in 2001 by Crown Publishing Group. ISBN number: 0-609-60778-2
,
|
||
Copyright 2003-2020 by BusinessKnowledgeSource.com - All Rights Reserved
Privacy Policy, Terms of Use |