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Anyone ever deal with ANGEL INVESTORS?
We're looking to do some fund raising for our main company and seeking out a few angel inventors that are on our radar.
Prior, I've only worked with direct inventors (they give you $XX in return for %Y and be apart of the company), but in this case and since we are established and not seeking more "cooks in the kitchen" but rather just investors for a percent of the company.
Typically with angel investors, or from what I know, is you offer them a percentage based on your current company's performance, as well an exit strategy. We're looking to do about $700k to $1.2mm this year in revenue -- business is less than a year old too.
HOWEVER, I'm seeking investment funds to secure more staff and increase our revenue numbers. We don't need the money to be honest, but I do want to go this business exponentially and to do so, need to bring in funds to hire and support personnel.
With that said, any advice on how to "put things together?" Besides a business plan, exit strategy and detailed layout for use of funds, anything else we should include?
Normally, you get one chance in front of some of these groups so first impression is huge and don't want to risk it... so i figured I'd ask as I'm sure there are a few people here that's been in this boat before.
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