Angel investors desire success for entrepreneurs

Just the thought of trying to raise money from angel investor groups is often enough to start dripping acid into the stomach of many entrepreneurs.

First, there is the presentation to the angels, which is open to direct questioning and, sometimes, harsh criticism, which may be embarrassing and belittling. Then there is the nervousness about allowing outsiders to examine your whole business plan, including past mistakes, and having to reveal your current financial statements. And then there is the perceived threat of possibly losing control of your business by having the funding group take over the company because of greed and desire to cut you out.

By Joseph Ollivier
Brigham Young University

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