Business Angels

[David Haycock]

Does anybody know the best route to market for sourcing funding, or even communicating directly with business angels.

There are many businesses that offer investors, but they are interested in taking £1500 upfront and 5% of any funding secured, they are a middle man (and I appriciate they are probably very good at it) but money is money. Don't spend if you do not have to.

Does anyone know any other ways of talking directly with business angels, or is it best to hand over the cash and let the professionals find the funding? I am particularly interested in Business angel that want to invest in the person and the idea.

There must be business angels who are willing to take ideas direct - any help is appriciated.

Thanks

[peterjhale]

Hi David

May I ask why you need an angel as an investor?

Do you need help with your business as well or just finance ?

[David Haycock]

Originally Posted by peterjhale

Hi David

May I ask why you need an angel as an investor?

Do you need help with your business as well or just finance ?

Because I personally believe that the business angel makes a quicker decision, uses personal money and that the angel brings excellent networking opportunities to the table.

I am not particularly looking for help, but if an 'entrepreneur' wants to take one of my ideas and invest in it, I would rather do that - than gamble on mamanging a business on debt. Any help would be greatfully recieved.

Lets say it is my preffered choice of financing - I like the concept of entreprenuers building businesses this way - and they can help greatly.

[JamesS]

We to have been looking into the whole VC / Business Angel scene.

In terms of speed its probably not as quick as a loan, but in terms of security it is. I'd be willing to give them 40% of the company in exchange for £100k.

In the process of producing a business plan to put to a few people and well see if going after a Business Angel is viable or not.

[Corabar Entertainment]

Hi, sorry not visited for a while, but trying to catch up with all the posts.

Can I ask a really stupid question? Can someone explain to me what a "VC" is and, although I think I have a good idea from the posts, exactly what a "business angel" is?

Thanks

Angela

[Ian J]

Originally Posted by Corabar Entertainment

Can someone explain to me what a "VC" is

VC is "venture capital"

Business Angels tend to provide higher risk, seed or venture capital normally in return for an equity stake

[Inzvestor]

Business Angels generally wish to have a say in what goes on and how their money is spent (and often allocate a staff member (aka account manager) to liase with you and make decisions)

VC's generally loan money for % returns, and have less of a say in how the company is run (providing you are paying them pack within the agreed timefreames)

[wornout]

I too have been trying to raise V/C or "Angel" capital, and to be honest could have spent more on fees than I needed in capatal.Has anyone found a company that charges on results not speculation?.If there are enough of us with business ideas,could we not get together,find the best project and maybe fund it ourselves and use any profit to fund other projects?.Anyone interested?.I agree with David Haycock,why are Angels not more visable?

[David Haycock]

Originally Posted by wornout

I too have been trying to raise V/C or "Angel" capital, and to be honest could have spent more on fees than I needed in capatal.Has anyone found a company that charges on results not speculation?.If there are enough of us with business ideas,could we not get together,find the best project and maybe fund it ourselves and use any profit to fund other projects?.Anyone interested?.I agree with David Haycock,why are Angels not more visable?

I am meeting tomorrow with some interested parties for my idea. They help fund and prepare your business plan ready for 1st stage funding - and they charge a modest fee (£600).

Believe me, I am NOT paying upfront for anything - I am making sure of a deal where I pay on results and results only - this is normal business practice eh? If I order something in the retail world, I know what I am going to get - with business angel 'reps', they are no different to any other business.

Everything in life is negotiable, I am going to make sure they are paid on result - pref in shares - not the cash needed for the funding in the first place.

If you have a good idea, the business angels reps will take a share (maybe3%) and the business angel (45%). Either way, all parties sole aim is the succes of the business and not the £2000-£10000 fee for finding funding, plus £1000 upfront and £300 a month bond for your 'mentor'.

I believe there is a market for talking direct to business Angels - maybe not here yet, but with todays technology, the middle man jobs dont last.

[wornout]

David
Wish you well for tomorrow,if you make it big perhaps you will think of us
seriously you have my best wishes and glad your not paying up front.If you are successfull any chance of passing on your contact?