SHARE:
Innovation: Financing the Dream
For small businesses, the search for capital is a constant challenge.
Resources: Florida Angels GroupsAngel Investment
Forum of Florida Emergent Growth Fund Florida Angel
Investment Alliance Gold Coast Venture Capital Association New World Angels
Boca Raton Springboard Capital Winter Park Angels Web Contact Only Florida Angel Investors Startup Florida |
Steps: Venture Capital Basics
Before talking with investors, make your company as appealing as possible by following these steps:
» Build a management team. Most angel investors and venture capitalists won’t even look at a company unless it has a group of experienced managers.
» Prepare a business plan. Investors receive hundreds of business plans each year. Make yours stand out by clearly showing the opportunity and potential for your product or service. Be concise and tell the truth.
» Approach the right investor. Research investors before you make your pitch. Don’t waste your time on investors who have never put money into a company like yours.
» Know your market. Compile statistics, interview potential customers and read trade publications to get the full picture of your company’s growth potential.
» Network, network, network. Develop relationships with attorneys and accountants who have connections with well-heeled investors. Tell everyone you meet about your company and its needs.