Angels – are normally wealthy individuals, often entrepreneurs themselves, who invest in business start-ups
Angels – have a “personal” interest in the industry and are willing to put money into companies before venture capitalists and institutions. They often fund in “clusters” and can be “patient” to wait for a ROI.
Angels are more likely to fund in the range from $10,000 - $2 million (VC’s are more $3 million+)
Joe Bezos, CEO Amazon, attracted $1.2 million in Angel financing to start Amazon.com but only after he had tapped-out his friends & family
Where to find Angels Make the right contacts, network in the industry Most angels will look for businesses they know something about Internet sightings include: Angelmoney.com, Garage.com, Jumpstart Investments, Angel Investing WomenAngels.net, ACE-Net (sba.gov), Bay Area Regional Technological Alliance