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Joseph R Bell. Finding an Angel Investor in a Day
Praise for. Books from The Planning Shop
Need to Find an Investor Fast? This book is for you!
Finding an Angel Investor In A Day. Get it done right, get it done fast™
The In A Day Promise. Get it done right, get it done fast
About. Joseph R. Bell
About. The Planning Shop
Foreword
How to. Use This Book
Using This Book
Finding an Angel Investor In A Day. Contents
1
Accomplishments
Time-Saving Tools
Step 1: What an Angel Investor Will Do for You
1. What an angel brings to the table
2. Why angels invest
3. What’s an angel investor?
What Do Angels Invest In?
4. What’s an angel group?
5. Understand the differences between angel investors and venture capitalists
Investment Timeline
2
Accomplishments
Time-Saving Tools
Step 2: How to Find an Angel Investor
1. Networking
Begin with People You Know
The Approach
What to Ask
2. Where else to look for individual angel investors
3. Evaluate your prospective individual angel investors
4. How to find an angel group
5. Evaluate prospective angel groups
3
Accomplishments
Time-Saving Tools
Step 3: Make Yourself a Good Catch
1. The right business idea
2. The right market
The Competition
3. A capable entrepreneur
4. A strong team
5. A killer business plan
6. A profitable exit strategy
Financials
Legal
Intellectual Property
Employees
Advisors
4
Accomplishments
Time-Saving Tools
Step 4: The Pitch
1. Contact an individual angel
Email Script: Your First Approach to an Angel Investor
Telephone Script: Your First Approach to an Angel Investor
2. Apply to an angel group
The Screening Process
3. Prepare for the presentation
4. Make the presentation
Content
Organization
Your Opening Line
Weight of presentation components
Delivery
5. Prepare for Q&A
6. Ask for the money
Before You Leave
7. After the presentation
Handwritten Thank You Note
Thank You Email
5
Accomplishments
Time-Saving Tools
Step 5: Valuation
1. Determine how much money you need
Cash, Cash, Cash
Equity Ownership for a Start-up
2. Stage the investment
Financing Stages
3. Understand valuation
Get Real
Pre- and Post-Money Valuation
High vs. Low Valuation
4. How much is your company worth?
Valuation Factors
Get an Attorney
Be Prepared
Know What’s Most Important to You
Lower Perceived Risk
The Best Time to Negotiate Valuation
6
Accomplishments
Time-Saving Tools
Step 6: The Term Sheet
1. What’s on a term sheet
2. Negotiation
Key Issues to Negotiate
3. Sign the contract
4. Get the money
7
Accomplishments
Time-Saving Tools
Step 7: Due Diligence
1. What angels investigate
Business
Financial
Legal
Property
Intellectual property
Management/employees
Insurance
Regulation compliance
Personal
2. Who angels interview
3. How angels assess your team
8
Accomplishments
Time-Saving Tools
Step 8: After the Deal
1. How often should you meet with your angels?
2. How long will this relationship last?
3. Follow-on funding
Exit Plan Options
Troubleshooting. Why Won’t Angels Fund My Business?
Something Went Wrong with My Presentation . . . Now What?
What Happens If I Don’t Meet My Milestones?
Why Has My Relationship with My Angel Investors Gone Sour?
The Experts Talk
Sample. Term Sheet
TERMS OF SERIES A PREFERRED STOCK
EMPLOYEE MATTERS
OTHER MATTERS
Glossary
Index
Acknowledgments
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