Finding an angel investor to join your board is essential if you are looking to raise substantial sums of money to develop your business. It’s a long process that requires a lot of networking and laborious work. The trick is to reach the right people and ensure your business plan, pitch deck and a solid product or service are up to scratch.
First off, you need to research the person you’re contemplating approaching and learn about their investing style. Using platforms like LinkedIn or Crunchbase is a good method to learn about their investments and any areas of expertise. This will allow you to remove some potential investors from your list, and also give you a better idea of their expectations.
Then, you need to prepare a document that describes your idea, the market size, and the experience and background of your team. This needs to be written in Guy Kawasaki style (meaning 10 slides in 20 minutes) and be clear, concise and to the point.
Also, it’s recommended to attend events where you can get to meet with prospective angels as they could be an excellent chance to get your company in front of them. You may even be able to pitch directly to them directly.
Angel groups are more formalised than individuals, having meetings and due diligence. This makes them more likely than individual to manage a funding https://boardareaonline.org/advice-for-approaching-angel-investors-in-the-uk/ round and offer invaluable assistance in the early stages of a business.
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