Getting angel investors to finance your IT business across the globe

  • Posted In: Business/Investment


  • Keymaster
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    An angel investor is an affluent individual who provides capital for a business start-up or entrepreneurs usually in exchange for convertible debt or ownership equity.
    They help to support your startup risk of failing is high.

    Finding an angel investor is similar to finding the pearl.
    Here’s how to find angel investors that will be most likely to want to invest in your business.

    1. Know Who You’re Looking For
    Your chances of connecting with the angel investor you need will be much better if you keep this profile of the “typical” angel investor in mind.
    Angel investors look for companies with growth and export potential says Allan Riding, an expert on angel investing and professor at Carleton University. They understand that it may take several years before their investment will pay off – although they also expect to be well compensated for their risk.

    2. Look Close to Home
    Most angel investors prefer to invest in businesses that are close to home. “An angel wants to be nearby so they can drive over to talk to the principals,” says Jim Orgill, managing director of advanced technologies for the Business Development Bank of Canada.

    3. Always Network
    You need to get to know the right person by immersing yourself in your local business and social community because in most cases your investors might not be waiting for you at a familiar spot.

    4. Focus on business owners.
    Make a thorough research on business owners who have stood the test of time as they only are in the best position to guide you right.
    Join business and trade organizations and regularly attend their meetings. Joining civic and community organizations are also great for networking. Attend trade fairs and events. Get your profile out there as you might just meet a standard business owner who has the right strategies to establish your vision.

    4. Realize That Many Angels Don’t Fly Solo
    While there are some angel investors who invest entirely on their own, many operate as part of an informal network or syndicate where they can pool their resources and share the risks.
    Check with the Business Development Center, Community Futures Office or Economic Development Centre where you live; there may be an active group of angel investors in your community.

    Some include:
    1. Angel Capital Association (ACA): This is the largest professional development organization for angels in the world, ACA boasts over 13,00 member accredited angel investors and 260 angel groups and accredited platforms, making this website a great resource for finding angel investors throughout the U.S. and Canada.
    2. Gust (formerly Angelsoft) – Claiming to be the world’s largest startup network, with over $1 billion of funding raised through their extensive angel network, Gust lets you complete a single application for hundreds of angel groups across the world.
    3. Carrefour Capital Connexion –
    The BC Angel Forum – Technology and non-technology pre-screened companies seeking equity financing of $100,000 to $1 million, deliver “live” presentations to pre-screened private and corporate investors.

     

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