Need a Miracle For Your Business? Communicate With the Angels!
Posted in Small Business on September 3rd, 2010 by Admin – Comments OffWarning – Never pay a “Business Angel” for the opportunity of making a pitch to them! Some unpleasant people have jumped on the bandwagon and are charging start-ups for the opportunity to showcase their business to a team of investors. This never happens in the legitimate world of enterprise.
Unless you have been living under a rock for the last few years you will have heard of Dragon’s Den, the TV programme where potential entrepreneurs present their business idea to a group of wealthy private investors who will then give them money in return for a share of their business.
This is exactly what Business Angels do in the real world outside of the pancake makeup and bright lights of The Den. They are normally wealthy people who have an interest in investing in companies. Often they have a particular area they are interested in, for example electronics, manufacturing, service sector etc and they will consider a business proposition that may be too risky for a mainstream lending source.
Business Angels bridge the gap between Venture Capitalists who deal in millions and really only want to work with BP and debt finance where you offer your first born child to the bank in exchange for an overdraft and get refused! read more »