Fundraising · Angel investor

Recommendations for Angel or investor groups for small amounts of funding?

Angela Simoes Founder, Red Roof Industries

November 19th, 2015

I'm in need of a small amount of funding to get to the next build of my product - only around $30k.  Any recommendations for local angel groups or other investors who are interested in this level of investment? Thank you!

John Currie ITERATE Ventures - Accelerating Science & Technology Ventures www.iterateventures.com

November 20th, 2015

Angela - for $30K, it's either fff like Anton says or a home equity loan.  If that's all you need to hit a key milestone, you shouldn't be "raising money".  Perhaps figurer out a bigger, more important milestone that requires $200K.  (Of course, you'll be asked, "How much of your own mney is in?")

Max Goff

November 20th, 2015

For $30K, I concur that fff is most appropriate.  Depending on your personal network, go there for up to $100K before tapping other sources.  Between $100 and $1M, there are a lot of choices, including angel.co, fundersclub, H/F, ycombinator, 500startups, and lot more where you are.  If you don't know H/F, maybe a visit would be fruitful.  http://hf.cx/

John Currie ITERATE Ventures - Accelerating Science & Technology Ventures www.iterateventures.com

November 20th, 2015

Luis, They don't write checks in seed rounds .... the "invest" their technology and people. The model they prefer is really the other way .... check-writers invest into a newco, which contracts them to do a lot of work, and licenses their technology for major fees. So they like the money coming into them in return for technology going out. Feel free to call (to set up a time to speak) if you'd like to discuss. regards, John | ITERATE Ventures - Seeking disruptive technologies | www.iterateventures.com | | John Currie, Principal & Founder | t 610 864 6588 | jcurrie@iterateventures.com |

Anton Yakovlev Founder of four successful businesses on two continents who can help you do the same

November 19th, 2015

I believe that it is classic FFF case. 

But I'd also could be interested in that kind of investement to build a prototype for the next unicorn I'm working on now.

Andrew Lockley

November 20th, 2015

Details needed! Recommendations vary according to sector, roadmap, founder history, firm's structure, traction, etc.

Luis MD CEO at EDENIS

November 20th, 2015

It's hard to raise money at the earlier stages. Here are ways in which I would attempt to raise smaller capital: 

1. Angel Investor - Pull the Angel into the company with a unique role and have them invest as a vehicle to the role and an additional component of equity. It allows you to better negotiate valuation and brings in the right investor who has (or will have) expertise in the product. 

2. Customers - Start selling the 'next-generation' and have the customers pay for pre-orders. This is likely something that you could do sooner if your customers are enterprise (B2B), but kickstarter is similar in this way when considering direct to consumer products. 

3. Pre-Orders: Having pre-orders (depending on your product) will help you raise capital ranging from banks, investors, or strategic partners (packaging your product with some already existing product). 

These are all high level ideas based on the capital amount that you are seeking. In summary, I wouldn't focus strictly on traditional Angel investing, since you may spend a lot of time and money (legal fees), which can hurt any start-up. 

Luis MD CEO at EDENIS

November 20th, 2015

To John Currie - Hi John! I'm curious as to whether Sarnoff Corp (Previous Employment) invest in seed equity rounds and health tech?

Colleen Brennan-Vandersteen CEO and Founder - Refill Depot

November 20th, 2015

Hi Angela,

Initially, I found it difficult asking friends and family for investment but it became easy when I realized that my friends and family will learn how to invest, I provide them with a good ROI like 15%.  This is a prime opportunity for them to learn about startups, they find it extremely interesting watching you grow.  The problem is when you run out of friends and family willing to jump in!

Create an Investor List; added their names, loan amount and date.  I will plan a annual dinner for investors only, those who helped me at the start when I needed them most!   You will also learn more about your friends and family, it maybe eye opening!

Now seeking partnerships; industries wanting to diverse and develop new sales, suppliers for our patent dispensing system: stainless steel, tablet, tech, sensors and construction companies.   Entice suppliers with 4 revenue streams selling: 1) brand name products commercial/retail via our system, 2) franchises, 3) systems only and 4) systems within building models. 

Lastly, time to generate ongoing revenue via a book and research development via innovation network.

 

 

 

Md. Shihab Uddin

November 24th, 2015

Interested to know about for a startup based in South Asia, Specifically Dhaka

Andrew Lockley

November 25th, 2015

For small rounds use FFF or accelerators