Angel investing · Fundraising

What 2 ways would YOU employ to reach investors who are looking for new ideas?

Rupert Meghnot MBA CXO, Burnout Game Ventures, LLC

October 25th, 2016

Hypothetical question (of course): SEC guidelines & regulations, Jobs Act, various opinions, you've been there, done that. You're still confused about "general solicitations". The local "angels" and "venture capitalists" (or, at least, their gatekeepers) you've spoken to have blinders on, or cannot think outside of their boxes. Your seed-stage startup is in a massive ($100Bn+), robustly growing (10%/yr for last 10 years) industry, with a disruptive (non-equity revenue share) financial model that will generate immediate cash flow and attractive returns in a short time. You know that, for every angel in your area, there are at least 10 others who: are founders and/or executives of $5-$20mm firms, have $$ in the bank w/ their kids' college handled, and are thinking about investing in "something new", but don't know how, or whom to contact. What do you do to get the word out that you're looking? Suggested verbiage would be helpful, as well.
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Jen Fuerte Founder at TeachrTec

October 25th, 2016

Rupert, you mention the local VCs and gatekeepers. I will stress this, you need to get a warm intro to them. Find a few that are the best fit for you based on industry and stage, and find a way to get a warm intro.

Best of (hypothetical) luck! - Jen

Frances Nevarez Co-Founder and CEO of FutbolConnect

October 26th, 2016

Don't ask for money.  Ask for help and advice.  Get mentors and 1-2 significant and well-known industry experts as Board members.  Get these and they will all help you get the warm introductions, angels and ultimately the monies you need.

Dane Madsen Chief Operating Officer at Comivo, LLC

October 25th, 2016

You should ask "why" the blinders are on to understand the reason they do not see what you see, then retool your approach.  If your hypothetical is accurate, it may just be the audience. The most important thing you do as a founder is raise capital and it is more important to know why not then why yes. It may expose holes in your plan and approach.  Then find the people that like your style and idea, if even just as advisers. Post to Angel List will help.  I have found it far more useful than many of the other lists in the market.  Who are the customers? Figure out who also is in that space.  They may have a strategic investment plan. 

Robert Lee

October 25th, 2016

And there is also the issue of intellectual property as well.

With the new USPTO rules, it's now first-to-file rather than first-to-invent. And there are many accredited investors you don't want to insult by asking for an NDA!

Jonathon OBryan

October 25th, 2016

quick response...  Go to your local Angel Group, start w/ alignable.com  and the answers will come... If you need help with the writing " go to;  fiverr.com  and get everything else you need  to effectively accomplish a professional approach, all for a couple hundred bucks... Attend one open house meeting for Angel Investors, there are many in the same situation...  Hope this was helpful!  :) What 2 ways would YOU employ to reach investors who are looking for new ideas?@media screen and (){#yiv6785854965 #yiv6785854965featured-advisors-left{width:45% !important;padding:0px !important;}#yiv6785854965 #yiv6785854965featured-advisors-right{width:54% !important;padding:0px !important;}} | FD:Discuss | New Discussion on What 2 ways would YOU employ to reach investors who are looking for new idea  s? | Started by Rupert Meghnot, MBA (2 common connections) CXO, Burnout Game Ventures, Educator, Rollins grad Hypothetical question (of course): SEC guidelines & regulations, Jobs Act, various opinions, you've been there, done that. You're still confused about "general solicitations". The local "angels" and "venture capitalists" (or, at least, their gatekeepers) you've spoken to have blinders on, or cannot think outside of their boxes. Your seed-stage startup is in a massive ($100Bn+), robustly growing (10%/yr for last 10 years) industry, with a disruptive (non-equity revenue share) financial model that will generate immediate cash flow and attractive returns in a short time. You know that, for every angel in your area, there are at least 10 others who: are founders and/or executives of $5-$20mm firms, have $$ in the bank w/ their kids' college handled, and are thinking about investing in "something new", but don't know how, or whom to contact. What do you do to get the word out that you're looking? Suggested verbiage would be helpful, as well. FOLLOW DISCUSSION or Reply Directly to this email to participate in the discussion Manage your email notifications

Rupert Meghnot MBA CXO, Burnout Game Ventures, LLC

October 25th, 2016

Thanks, everyone. I should mention that this isn't my first rodeo. I'm on a first-name basis will all the local (visible) VCs & angel groups. Dane pretty much nailed it on the head - it's not my audience. And, I've been asking them to poke holes in my approach - and it just goes back to them not being the right market (they like the approach, it's just out of their comfort zone). While I belong to Angel List, I've never posted, and lack guidance in how to word my Ask (thus, this discussion).