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Finding an Angel to Finance Your New Business

The second most common source of capital for starting and growing a business is an angel, also known as a private investor. (The majority of entrepreneurs start their businesses with personal savings, credit cards, and other personal assets.) Angels are members of the informal risk capital market — the largest pool of capital in the U.S.

So, how do you find one of these gift-givers from heaven? Unfortunately, that’s the hard part because angels tend to keep a lower profile than any other type of investor. Entrepreneurs typically find angels through referrals from someone else. That’s why networking with people in your industry is so important when you begin thinking about starting a business. You need to build up a personal network to tap when it’s time to look for private investment capital.

* From Entrepreneurship For Dummies

Full Story: http://www.allbusiness.com/business_advice/articles/10574.html#

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