Raising Seed and Startup Capital From Angel Investors
Who are angel investors?
They are typically entrepreneurs themselves. Angel investors differ from venture capitalists in that they are investing their own hard-earned money into your company rather than that of institutional investors. They usually invest in the range of $25,000 to $250,000.
Here is some important advice if you are pursuing angel investors. Don't waste your time chasing investors more than an hour's drive from where your company is situated. Both angel and venture capital investing are face-to-face relationships. If something starts to go wrong at an investment, the investor wants to be able to reach it in no more than an hour's car commute. They do not want to have to jump aboard a plane to hold an impromptu meeting with management team.
It never ceases to amaze me how many first time capital seekers waste money couriering business plans overnight to a party on the opposite coast after the briefest of telephone or email conversations. They are then shocked to discover that even small deals require multiple face-to-face meetings which they cannot afford.
How to Close the Deal With Your Angel Investor
How to Raise Seed and Startup Capital From Angel Investors
Here are some additional articles with valuable tips and advice on how to find, approach, and deal with angel investors.
How Not to Approach Angel Investors
Read this first. Don't make these money raising mistakes when seeking seed or statup capital.
Angel Investor Networks Across the Country
Comprehensive listing of angel investor groups and networks which provide seed, startup, and growth capital.