In Pitching to Angel Investors, Preparation Tops Zeal

August 26 2009 No Commented

The New York Times posted a great article on finding Angel funding.  Our four favorite takeaways are from Ted Ray of FlyRight:

  1. “Have a product on the market. Nothing speaks more loudly than revenue coming in.”
  2. “Do not ask other people for money unless you have spent your own.”
  3. “The business plan you show to potential investors should be concise. He [Ted] suggested using software on Angelsoft.net.”
  4. “Explore every angle. If an Angel says no, ask him for the names of four other Angels who might say yes…My goal is to get 100 introductions to get 10 meetings to get three presentations to close one deal.”

Read the article

Read the original article here.