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Q: Angel Investors for non-tech, pre-revenue business in L.A. ( No Answer,   1 Comment )
Question  
Subject: Angel Investors for non-tech, pre-revenue business in L.A.
Category: Business and Money > Small Businesses
Asked by: creativeexec-ga
List Price: $200.00
Posted: 21 Feb 2005 19:23 PST
Expires: 23 Mar 2005 19:23 PST
Question ID: 478442
We wish to obtain a list of 20 qualified "Angel Investor" individuals
or groups matching the following criteria:

-- Not Venture Capitalists or "tech-oriented" funding sources
-- Investors are willing to make investments as small as $250,000 -to-
$1.5M
-- Willing to consider investments in a business with this specific criteria:

----- A non-tech business
----- Business is a 2 year old, pre-revenue company
----- The founders have invested $250,000+
----- Professional management and infrastructure is in place
----- Have developed a low-priced consumer product targeting the $23B
DVD and $25B Collectables sectors
----- Currently polishing prototypes
----- Ready for market entry in Q2, 2005
----- Located in the Los Angeles area

Clarification of Question by creativeexec-ga on 06 Mar 2005 20:35 PST
Perhaps I should clarify.  We are only trying to CONNECT with Angel
Investor individuals or groups who WOULD EVALUATE AND CONSIDER
investments in a business fitting this description.  We in no way
expect a list of potential investors whose investment in this business
is assured.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Angel Investors for non-tech, pre-revenue business in L.A.
From: yorker-ga on 11 Mar 2005 21:35 PST
 
Hi! What you need to do is submit your plan to Tech Coast Angels. They
are the leading angel investment group in Southern California (they're
actually three different groups which share deal flow). Once you enter
their process, they will pre-screen you, have you meet with a
volunteer screening committee, and then, if you make it through those
steps, have you present to the full group. Their URL is
www.techcoastangels.com, which will give you all the information you
need about the group, plus their online application form.  In
parallel, you might want to apply to other groups as well, if you
think you meet their qualifications. The best list of serious groups
for you is at: www.angelcapitalassociation.org/directory.cfm#california.

Now, all that said, you should realize that only a very small
percentage of companies that seek angel funding actually get it. The
success rate is probably less than one in ten, unfortunately. This
means that you should set your heart on angel money. If at all
possible, you should continue to bootstrap things, because the more
advanced the company is (product actually shipping, positive reviews,
cashflow breakeven, profitable...) the better chance you have of
getting funding. Good luck!

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