“I can accept failure, everyone fails at something. But I can’t accept not trying.”
~ Michael Jordan
The basic question of whether angel investors or venture capital is right for your business typically revolves around the amount of funding you are seeking.
In general, if you are seeking less than $1 million, angel investors are appropriate. Conversely, if you are seeking more than $1 million, you should be looking for venture capital.
So, in deciding between the two, you need to ask yourself if you can make significant progress with your business for less than $1 million.
While I’ve seen companies raise more than $1 million from angel investors, the average angel investment in a company is only $338,400 according to the Center for Venture Research.
So, think about your business and figure out if you could accomplish significant milestones for this amount of money. Specifically, you need to accomplish enough milestones to make your company cash flow positive, or enough that shows investors you can execute and that it’s less risky for them to write you a larger check.
Forget Old School!
The “old-school” way of raising venture capital is DEAD!
And that’s why I created this page for you… to show you how to do it right.
There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded.
Today’s Question: What key text was added to Google’s homepage based on initial test results?
Previous Question: What company has the stated mission “Sell more [blank], have more fun?”
Answer: Dominos Pizza has the stated Mission “Sell more pizza, have more fun”
And it’s Vision statement is: Number one in pizza; Number one in people
This vision and mission statement has allowed Dominos to achieve extraordinary success. It forces the company to constantly realize that it needs to always fully satisfy the needs of both its employees and customers in order to be successful.
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