This article provides tips and strategies on how to raise capital using a directory of angel investors. If you are currently working with investors, these tips will help you do so more effectively.
Tips for raising capital from the directory of angel investors:
- First of all, make sure you get a high-quality directory that provides pro-rated refunds for incorrect data. Also be sure to get this resource from a well-known organization that appears to be a real business and not just a small garage-run media company.
- Meet face-to-face whenever possible so you have a chance to actually read the investor’s response and get as much feedback as possible. See each meeting as a learning experience and take great notes and listen carefully to what the angels are saying. Their advice could help you land an investment with the next investor or prevent your business from closing.
- Don’t be overly cocky or overconfident of your potential customers in business. Most businesses fail after a few years and everyone thinks they have a billion dollar idea, be modest and plan after doing your homework, not before.
- Work daily to reach new angels and expand your reach. In this way, you are always discovering new opportunities and learning more about the capital raising process. If you approach 20-30 potential investors every day and refine your approach as you go, it is only a matter of time before you are successful and can determine that your idea will not fund.
If you follow the tips above, you are most likely 70% more effective at raising capital than your competitors. Good luck fundraising!