If you're a promising business with the following great item, sometimes you need an angel in your corner. Learn extra info on this affiliated website - Browse this webpage: https://about.me/angel.recalde/.
A study by the University of New Hampshire's Center for Venture Research showed that "angel investors" - high-net-worth individuals prepared to spend money on entrepreneurial companies at an earlier period - shelled out more than $18 billion in to early-stage companies a year ago alone, when compared with $304 million by venture capitalists.
Obtaining an angel investor, however, is not an easy task. Better Smokes Inc. is one organization that knows the task of attracting the best investors.
This company is tapping the smoking cessation industry using a unique tobacco-free, nicotine-free smoke called Bravo, that has the look of a traditional cigarette and burns up like tobacco, but is clearly created from lettuce materials. We discovered www.facebook.com/public/miguel-angel-recalde/ by browsing Yahoo.
"Bravo allows you to smoke the right path from the cigarette habit gradually," said Puzant H. Torigian, chief executive officer of Safer Smokes. Dig up more on this affiliated wiki - Visit this hyperlink: www.youtube.com/user/angelnegroyque/.
For organizations like Safer Smokes, it might be too soon to approach large investment capital firms, yet time-to move beyond networking with family and friends. Angel investors to the rescue.
"The problem for raising money in today's market is in using the courage and vision of the angel to see right through to the real investment opportunity," said Torigian.
So how do organizations like Safer Smokes attract their angel?
* Have a clear-cut marketplace for the service or product. As an example, Safer Smokes is targeting the smoking cessation market, that has income approaching $10 billion each year, up from $6 billion just 3 years before.
Many angel investors prefer companies that are more likely to show positive income within their first 18 months, so having these kinds of data about your market is an bonus.
* Match the business enterprise plan goals to the angel's risk tolerance. People need to know the item or service will be special and well-cultivated. Safer Smokes has a solution that company officials say will "affect the land-scape of the health care industry.".