If you're an emerging company with the next great item, often you need an angel in your corner.
A report by the University of New Hampshire's Center for Venture Research showed that "angel investors" - high-net-worth individuals prepared to purchase entrepreneurial companies at an earlier period - shelled out more than $18 billion in to early-stage companies last year alone, in comparison to $304 million by venture capitalists.
Discovering an angel investor, but, isn't an easy task. Safer Cigarettes Inc. is one organization that understands the challenge of getting the best investors. Identify further on our affiliated article directory by visiting www.angel.co/sarah-wennogle.
This company is going the smoking cessation market with a special tobacco-free, nicotine-free smoking called Bravo, which has the look of a cigarette and burns off like tobacco, but is clearly produced from lettuce fibers.
"Bravo allows you to smoke your way from the tobacco habit gradually," said Puzant H. Torigian, ceo of Safer Smokes.
For businesses like Safer Smokes, it could be too soon to approach large investment capital firms, yet time-to move beyond networking with family and friends. Angel investors for the rescue.
"The challenge for raising capital in today's market is in utilizing the courage and vision of the angel to find out right through to the true expense opportunity," said Torigian. This cogent https://www.angel.co/sarah-wennogle article has several grand warnings for how to mull over it.
So how do companies like Safer Smokes attract their angel?
* Possess a clear-cut target market for the service or product. For example, Safer Smokes is targeting the smoking cessation market, which has sales approaching $10 billion per year, up from $6 billion only three years ago.
Most angel buyers prefer companies that are more likely to show positive income of their first 18 months, so having such research about your market can be an bonus.
* Match the business enterprise plan targets to the angel's risk tolerance. Buyers want to know the merchandise or service is likely to be special and well-cultivated. Get further on our favorite partner essay - Navigate to this link: partner sites. Better Smokes features a solution that company officers say will "affect the landscape of the health care industry.". Discover more on Innate drive sagirim2d14 by browsing our witty website.