If your startup is looking for an angel investor, does it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up?
In reality, hitting large numbers of angels in multiple locations with a generic pitch is one of the least productive approaches. Here are five key things you need to know to quickly find the right angel for your startup: Angels invest in people, more often than they invest in ideas. That means they need to know you, or someone they trust who does know you (warm introduction)
Learn to lead. In a startup, the entrepreneur leader has to do two things. First, drive the business creation process, and secondly, inspire all the others. The others include the rest of the team, investors, and customers. That means hands-on leadership and effective communication.
Use the Internet to outsource staff.
Hiring virtual assistants for each specific project can be a lot more efficient and cheaper than hiring and managing employees. Start with sites like Elance.com and Guru.com for specialized tasks you can’t do yourself. Pay others to handle small stuff, and keep your time available for bigger priorities.
5 Angel Investor Biases That You Can Capitalize On
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