In start up situations the typical deal is one of the capital provider and entrepreneur splitting equally the equity. This is usually great for the entrepreneur but not so good for the Angel as the Angel is likely to be diluted as the comapny progresses whereas the reliance on the entrepreneur will usually allow him to maintain his position more effectively through the use of options. I wish Angels would think in terms of capitalized market valuation of the business tehy are fiancing in determining what is fair. As with any security the investor should think in terms of his buying all of the company at the present market cap. Restaurants are still the largest area for private company investment.
Web sites are fine, venture group meetings are better.
Your local Chamber of Commerce might help. Also the financial editor of local publications can identify groups and individuals interested in investing in private companies. Just remember that you only get one chance to make a first impression and be prepared with a well thought out and neatly presented business plan. If you can't do a business plan it is unlikely you will or should get financed. Question 5 Getting an Angel's interest in your venture Blake Stephenson 26 Jun 1997 2.