If you’re an emerging company with the following great product, often you need an Angel in your corner.
A study by the University of New Hampshire’s Center for Venture Research showed that “angel investors” – high-net-worth individuals willing to purchase entrepreneurial companies at an early period – shelled out a lot more than $18 billion in-to early-stage companies this past year alone, in comparison with $304 million by venture capitalists.
Finding an angel investor, however, isn’t an easy task. Safer Cigarettes Inc. is one organization that understands the task of attracting the right people.
This company is tapping the smoking cessation market using a unique tobacco-free, nicotine-free smoking called Bravo, that has the appearance of a Smoke and burns off like tobacco, but is clearly produced from lettuce materials. Dig up further on the affiliated article directory – Visit this web page: houzz.com/pro/neilcamenker/neil-camenker.
“Bravo allows you to smoke your path out from the cigarette habit gradually,” said Puzant C. Torigian, ceo of Safer Smokes.
For companies like Safer Smokes, it might be too soon to approach large venture capital companies, yet time to go beyond networking with family and friends. Angel buyers towards the rescue.
“The challenge for raising money in today’s market is in managing the courage and vision of the angel to find out through to the real investment opportunity,” said Torigian. Browse here at the link relevant webpage to learn the reason for it.
So just how do companies like Safer Smokes attract their angel?
* Have a clear-cut target market for your product or service. For instance, Safer Smokes is targeting the smoking cessation industry, which has sales approaching $10 billion per year, up from $6 billion just 3 years ago. Dig up more on this affiliated encyclopedia by visiting http://www.houzz.com/pro/neilcamenker/neil-camenker/.
Most angel investors choose companies which are prone to show positive cash flow of their first 18 months, so having such statistics about your industry is definitely an incentive. This compelling www.neil-camenker.com/ essay has numerous grand suggestions for where to see this thing.
* Match the company plan goals to the angel’s risk tolerance. People need to know the product or service is going to be special and well-cultivated. Safer Smokes features a answer that company officers say will “affect the land-scape of the health care industry.”.