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What do Angel Investors Want You to Know?

2/26/2013

43 Comments

 
Yesterday, Brian Cohen spoke at the Princeton Tech Meetup #11, providing some insider tips on what Angel Investors want Entrepreneurs to know. We'll be sharing some of the insights we gleaned later in this blog post. First, we want to help Brian promote the book that he co-authored which is debuting in April. For a short time, the book will be available for half price on Amazon to pre-order. To get it at the discounted price now, click on our affiliate link below:
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea


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What did we learn from Brian? 
While Angel Investors provide 90% of the seed money that helps startups get off the ground, they are looking for a BIG payoff (if you look at the slide at the left, it does NOT mean that Brian left the room and came back 30 times). In fact, Brian cited that only about 1 in 40 companies that go to Angels get an investment (as compared to 1 in 400 who present to VCs). The next question is:  what will make YOU appeal to an Angel? 

If you really want  all the answers from an Angel Investor's perspective, you have to buy Brian's book:
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea
For a teaser of what's in the book, here are some of the notes we took from Brian's presentation:
  • You are in control. Be confident, and ask for what you want.
  • Get a good lawyer. Especially when your friends and family are investing in your early-stage company. You want to give them good terms so they don't get screwed later.
  • Know your business inside and out. (For example, would you invest in an air filter company that didn't know what HEPA means? For those of us who didn't know, HEPA means High-Efficiency Particulate Air.)

If you are getting ready to launch your company, you'll also want to check out the new company created by Brian and Trace Cohen, Launch.it. It's a free newsroom for you to publish your story. 

And if you're not ready to launch yet but you need funding from an Angel Investor, then let us remind you that there's always more advice you can get from Brian's book!
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea


What else did you learn from Brian's presentation?
43 Comments

How do I jump start my business online?

11/1/2011

18 Comments

 
A large chunk of small businesses actually do not have a website, and an even higher percentage are not actively involved on social media sites. So the first question may be, why should you jump start your business online? The key reasoning to building a presence on the Internet would be to differentiate yourself from other businesses, to connect with the growing population of online and social media users, and to engage with your clients and prospects at any time (whether your store is closed or your sleeping, there are people out there browsing the WWW). Given this reasoning, here are a few quick suggestions to help make your business stand out on the web:

  1. Create a strong website that will attract visitors.
  2. Develop content that will intrigue and engage your target audience.
  3. Implement an automated system for collecting client and prospect details so you can appropriately follow up with them.
  4. Establish a presence on social media sites (Facebook, Twitter, LinkedIn, YouTube, etc.) so you can be more interactive.
  5. Offer a way to connect your network with a larger network of individuals, so you can expand your reach.

Given the significance of this topic, we will be creating a series of posts on related issues, with additional actionable steps. For more information and immediate access to resources related to building your business on the Internet and generating more revenue online, please subscribe to our Inkwhy mailing list.

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