Landing angel investment involves a little bit more than calling up a bunch of rich guys and hoping for the best.
Obtaining that initial investment is often a huge hurdle for startups, but once the cash comes in, it provides a critical source of early funding — lifeblood for young, hungry companies. And as the traditional model of venture capital increasingly appears to be broken, angels have often stepped up to fill the void in early stage funding.
In Ohio, in particular, angel funding has taken on an important role for startups. The state boasts two of the five-largest angel groups in the country — Ohio TechAngel Fund in Columbus and North Coast Angel Fund in Cleveland — plus numerous wealthy individual investors. But the thing about angels is that they generally don’t want anyone besides other insiders to know that they’re angels, so they aren’t easy to find. And finding them is only the beginning of the journey.
To read the full, original article click on this link: Landing angel investment: 5 tips from those who’ve done it
Author:Brandon Glenn
