Planning a new Startup can be an exciting time! You get together, plan share knowledge and cannot wait to start your next venture. Perhaps you have just a couple of months to go and still have some time building the prototype. However, one aspect that can damp your spirits is the money aspect. You need to make extra efforts to get funds and spend the time to fundraise. However, how does one do that?
Angel investors are the best possible candidates to get your businesses started. They can inject capital in the small startups. However, it is not easy to locate Angel investors, meet them or know their types.
Who are these angel investors?
Angel investors are individuals or groups who like to invest their own funds. It can be tough to find them as they prefer to rain anonymous. Secondly, the factors of trustworthiness and confidence are import here as they don’t know you at all. Many times, wealthy individuals have put up family investment offices that are looked after by professional managers, who surf the market for interesting Startups and ventures.
How and where to meet the angel investors?
It is not easy to locate and meet those investors. However, a great way to meet angel investors is at the industry focused events. Another good way is to browse online and surf websites to conventions where one can meet an increasing number of angel investors. You can easily connect with the angel investors via the internet and on the online platforms. Then there are angel networks that one can explore to locate the right investor.
How to pitch your angel investor?
Once you have located the angel investor that is right for your startup, it is time to impress them and get them interested in your project. You should have a presentation ready to pitch your idea. It is essential to connect effectively, and for that, you need to have your groundwork done and reseeds for an excellent delivery. Communications should be honest and transparent to develop trust and cultivate a relationship with the angel investors.
Tell a compelling story
Make sure to give a memorable presentation and tell a compelling story that spells of both knowledgeability and confidence. Get straight to the point and achieve maximum engagement within the designated time slots. With angel investors, you do not get more than 10 to 15 minutes. Cover all the financial aspects as Angel investors are still investors and would like to know that they are investing in the right place.
Keep in mind that fundraising for your start-up can be very stressful. It is not easy to locate the potential angel investors and impress them enough to get the funding you deserve. Fundraising is not easy or quick and can take a couple of months. Moreover, as you need to take out time to locate investors and that means time taken away from your business. You need to find the investors, go meet them and do regular follow-ups.