April 29, 2008

If you missed the last edition,
The Numbers in Your Business Plan, click to get there!

Angels, Angels Everywhere ...

Business Plan Master is pleased to provide a lot of information for the angel-seekers amongst us, such as:

Angel Investor Networks

Angel Investors in California

Angel Investors in Canada 

Angel Investors in Illinois 

Angel Investors in New York and New England  

Angel Investors in the Southeast 

Angel Investors in Colorado

Tech Coast Angels  

Maverick Angels  

Angel Funds from Hospitals 

Angel Investor Groups for Women in Wisconsin

And, in truth, there are hundreds, if not thousands, of more groups that we haven't listed.

... and Not A Drop To Drink

So how come it's so hard to get angel funding?

For starters, angels are particular.  They are looking for a particular type of business, in a particular financial range.  And it doesn't hurt a durn bit if the principals in the business are really outstanding.

Applying to angel groups can be tedious.  Each one has its own method of applying.  Some are online.  Some are via email, or snail mail.

But the rewards are well worth the effort.  The opportunity to speak in front of 50 or more ready, willing and able investors just can't be duplicated anywhere.

Most angel groups don't require that you have a formal business plan in hand before you address them.  But, in this market, if I were you I would have a great business plan in hand before I let that opportunity slip through my fingers.  It's real hard to say, "Gee, you want a business plan?  Sure, I'll be glad to send you one in a month or two when I finish it."  Duh.

Show your stripes, and go in prepared.
 

 

"Money is better than poverty if only for financial reasons." ~  Woody Allen