What are Angel Investors and Why do You Want Them?

Angels are high net-worth individuals that are seeking to make a return on an investment (not donations). But they do usually have additional motivations such as “do a little good, make a little money, and have a little fun.” To invest in startups they must meet the Accredited Investor requirement set out by the SEC which you can see at this link: http://www.sec.gov/answers/accred.htm Typically they are not professional investors but have substantial business experience having started and run their own business successfully

What’s your timeline for raising funding?

If you answered, “right away!” as many entrepreneurs do, you’re probably not being realistic. In fact, the benchmark is that for every million dollars you are raising, it will take you one year

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