Even in seasoned deals with great promise those investors look for an average annual compounded rate of return of at least 35 percent. It is doubtful that you could make a defensible case that your idea could produce that kind of payback. Angels are wealthy, private investors who enjoy dealing with first-stage entrepreneurs like you. But even there, less than half the action is directed to start-ups. They also want an opportunity to hit it big, so be ready to give them a good slug of equity for their money.
Angels are hard to find.
Accountants, attorneys, bank loan officers, management consultants and market research companies often are conduits to interested angels. Copyright 1998 Paul A. Willax. Earliest info on new businesses, homeowners HireLouisville Fill an opening, find a job Insurance Center Covering the needs of small business owners Internet Directory Local businesses on the web Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies.