March 29, 2019 | By Sarah Van Velsor
Has your early-stage, high-growth startup ever considered raising capital and wanted to know more about Angel investors and what they look for? Last week, East Coast VentureCon had some leading angel investors on a panel to share tips and best practices with the audience of entrepreneurs.
An angel investor is usually a high net worth individual who provides financial backing for small startups or entrepreneurs. The funds that angel investors provide may be a one-time investment to help the business get off the ground or an ongoing injection to support and carry the company through its difficult early stages.
Angels can be someone in the entrepreneur’s network such as a friend or family member, an individual that has a connection to your product through personal or professional experience or someone that is a “professional” Angel and has a portfolio of angel investments. According to The American Angel report, about 11% of Angels are in the mid-Atlantic region and 55% of Angels were previously the founder and CEO of their own startup.
So how can your startup find one of these Angel investors? Panelists emphasized that there is no one way to pitch an angel investor, but had a few tips: