| Many individuals and companies have found | | | | 5. Every venture that is to be taken seriously must |
| themselves lost as to how to go about getting angel | | | | show a competitive edge or capitalization on a niche |
| funding let alone what is expected or required to be | | | | market combined with technical superiority that sets |
| successful in the venture. | | | | it apart. |
| Angel investors should be pursued after you have | | | | 6. The product or service must reflect the anticipated |
| gone through the bootstrapping phase and have | | | | acceptance by the consumer market along with a |
| exhausted all small funding options such as personal, | | | | clear market need. |
| family and friends. | | | | 7. The financial projections must be realistic not hyper |
| When Angel Investors decide to take on a project | | | | inflated or underestimated. |
| one can look to see Angels inject anywhere | | | | 8. The company valuations should be realistic. |
| between $150,000 to $5,000,000. If you are looking | | | | 9. The concept or business model must be clear and |
| to acquire more you would now be in the realm of | | | | well articulated in essence a clear picture of your |
| venture capital funding which is another ball game all | | | | business has to be painted. |
| together. | | | | 10. Most important is the Exit Strategy which should |
| Angel Investors look at companies that have ten | | | | be clearly defined and show a clear path for financial |
| distinct features before they invest their capital and | | | | return. |
| their time. They are: | | | | Angel Investor funding can be a difficult process at |
| 1. The company must be able to show a clear path | | | | best but it is attainable. The pursuit of funding is |
| to profitability. | | | | something to be pursued after your business model |
| 2. The management team that is in place should be a | | | | has shown the ability to garner traction (make |
| solid competent team that shows the ability to chart | | | | money). |
| a company through to a profitable destination. | | | | In the midst of pursuing capital you must not just sit |
| 3. The business model must be scalable and show | | | | on your laurels and wait for the right investor, but |
| potential for extraordinary growth. | | | | continue to build your business model and concept. |
| 4. The Business concept must be realistic and based | | | | And if you don't quit you will succeed. |
| on realistic markets. | | | | |