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Is Angel Capital or
Venture Capital best for your immediate Capital Needs?
Entrepreneurs know they
need capital to expand their respective businesses and add inventory or
add staff to handle new channels of distribution. Our banks often are
unprepared to handle this need and equity capital is required to take
the firm to the next level. For capital needs from $100,000 to 1.5M, I
suggest Angel Investors over a Venture Capital Firm whose funding
normally starts at 5M. Angels normally write checks from 50k to 1.5M and
often go together with the Entrepreneur and join his/her Board of
Advisors or even Board of Directors. Angel Investors are also a lot
faster in their decision time from first introduction to writing a check
is normally 1-15 days following reading the business plan, making a few
calls to confirm markets, mgt team and valuation issues.
Angel Investors at the
Gathering of Angels come together monthly in different cities like Santa
Fe, Atlanta , Hilton Head SC and Scottsdale and listen to 4-6 young
companies present for 20 min each with PowerPoint + 2-5 min of Q&A. The
Angels listen to the presentations, read and evaluate the 1-2 page
executive summary and if interested, ask for full business plans to
review, do limited background checks and talk to informed friends and
advisors and then decide to invest or to pass.
What the Angel Investor
gets in exchange for his/her capital investment is a function of the
valuation of the young company. Valuation is a measurable science even
for a pre-revenue company and is the real art of Angel Investing and
proper distribution of equity interest in the young company.
Bootstrapping Your
Start-Up
No, you don't need investors to start your dream business.
Here's how to make it happen with your own money.
Entrepreneur's Start-Ups magazine -
October 2002
By David Worrell
A Shorts Story
by Henry Alford
June 2000 Business2.com
Best of The
Web
Cities Of Angels
Scott Lajoie,
Forbes ASAP, 04.03.00
Entrepreneurs
hope to bank on "angels"
St. Louis' first Gathering of Angels Sept.,
2001
Investing:
The Best Way to Buy
A Worth article by Anne Field, November, 1999
Pennies from Heaven
Venture
Capitalism for the rest of us.
A Worth May 1998 Article by Anne Field.
Brother, can you spare a dime?
A NM
Business Weekly article.
By Tarby Bryant, March 3 - 9, 1997
Miracle
Money
A Working Woman article by Anne Field, March, 1998
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