Over the past few years several terms have emerged in the lexicon of start-up companies. None more important than the “angel investor”.
An angel investor is your neighbor, the lady in your Rotary Club, the successful businessman who now seeks to make a return while helping others grow their businesses.
So how do you find an angel?
Look at your rolodex. Look in your contacts. Network.
Most angels decide to invest for a few simple reasons, including:
- They know the business sector.
- They know the entrepreneur.
- They know the technology.
- They know someone they trust who is investing.
In short, to find an angel investor, you need to look. Angels networks exist, but avoid limiting yourself to organized networks.
It will take longer than you think.
Be prepared to talk a lot about your business idea, your plans, and your potential.
Talk about investment needs – and potential exit strategies.
Be honest about your strengths and challenges.
The right fit between entrepreneur and early stage investor can often create a powerful alliance to launch your new venture.
Our Disclaimer. As a law firm, we have to be careful that we do not inadvertently create an attorney-client relationship. So, to be clear, the information provided in this checklist is not intended to and does not constitute legal advice, recommendations, or legal counseling. This information is for your general review and consideration. Your visit to our website or your use of this checklist does not create an attorney-client relationship. We do not guarantee or warrant the completeness, accurateness or usefulness of this checklist. You use the information in this checklist at your own risk. You should not rely upon the information without seeking the advice of a competent attorney licensed in your jurisdiction.