How important is your personal financial situation when approaching angel investors for funding?

April 2, 2010 by
Filed under angel investors

Additionally: where can I meet / contact angel investors in Nevada (Las Vegas specifically)?

2 Responses to “How important is your personal financial situation when approaching angel investors for funding?”

Oh Boy! says:

April 2, 2010 at 7:47 pm

No one’s going to invest money in your company if your personal finances are a mess. It’s just indicative that you’re not very savvy/sharp.
InspectorBudget says:

April 2, 2010 at 7:54 pm

No angel investor will provide you funds without you yourself having some skin in the game – they want you to be fully exposed to the risk.

So, if you are looking for seed capital, or equity funding, you will have to show an acceptable level of financial health.

If your business concept is really good, and they like it, your level of equity could be less, but that means that you control a smaller portion of the company, and they will dominate the BOD. This means that they can kick you out any time they feel like it.

I don’t know of any specifically, but try a Google search for angel investors in Nevada.

Good luck.

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