Are angel investors good for startups?
Are angel investors good for startups? The Advantages of Angel Investors
These companies have shown promise for profits, but still need capital to develop products or grow. Because an angel’s money is on the line, they can be highly motivated to help you succeed through mentoring or by offering direct management help.
What attracts an angel investor? Angels prefer strong teams to big ideas.
That means you need to lead with your credentials, rather than your disruptive technology. Warm introductions from common friends are even better, so networking with potential peers and future investors is highly recommended well before it’s time to ask for money.
Why would an angel investor invest in a startup? Angel investors are typically the first investors in high-growth start-ups providing much-needed venture capital. Investing early means two things for angel investors; higher risk but more importantly – the potential for much higher returns.
What are the typical places where you could find an angel investor?
- Local Business & Networking Events.
- Industry Conferences & Trade Shows.
- Alumni Events.
- Chamber of Commerce Meetings.
- Volunteer at Local Organizations & Charities and/or Attend Charity Events.
- Become a Guest Speaker.