Angel Investors with Money To Give
Not everyone has money to give but some people do. If you are a small startup you might be looking for money from an angel investor. Your chances of connecting with an angel investor will be much better if you keep this profile of the typical angel investor in mind. According to Ralph Kroman from WeirFoulds LLP, the typical angel investor meets the following criteria:
- has an income that exceeds $100,000
- is 40 to 60 years old
- has a net worth in excess of $1,000,000
- has previous successful entrepreneurial experience
- expects to hold on the investment for up to five to seven years (although some angels wish to “cash out” after only a few years)
- enjoys advising the entrepreneur and likes to be part of the action
- invests up to $150,000 but may participate in a syndicate of other angel investors bringing the total investment to multiples of individual investments
- refers deals to other private investors even if the angel has chosen not to invest
- likes to invest in an industry with which the angel is familiar
- sources deals through referrals