The New Rules of Angel Investing
I found this great article in the Small Business section of the New York Times website; “The New Rules of Angel Investing.” If your start-up is currently looking for capital I highly recommend this article! Even though times are tough, angel investing is still increasing. However, investors are “…picky and less tolerant of risk,” thus contributing less money. Get to reading so you learn how to secure some funding for your company!
Here are some quick tips from the article:
“Bootstrap as long as you can. Finding early ways to get revenue.”
“Get to break even quickly and remember that VC financing has gotten harder to obtain.”
“Be realistic about valuations. Be coachable.”
“Practice pitching and be prepared to make your case to dozens or hundreds of angels.”
“Look for angels who complement your strengths and can help you with more than money.”