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Lots of frustration in Canada on both side of the equation.

Everyone say there is no money which in not true.

Who is an angle investor? Any from $25,000 - $500,000 they are not billionaires, there are smart successful people.

The best ones are ones that have made money and lost money.

Myth: I have a great idea, give me money.

You must understand the process on how to get things done. More education is better.

Showing a ridiculous email that was bantering the guy for 49 hours: Invest now or else.

Angel financing is not betting for money. Its a marriage not a one night stand. They want to see credibility.

Financed Fred Ngo from Barcamp Montreal.

Found his Ben Yoskovitz, managed a million in rev and wanted a new project. They looked for something they wanted to do together.

1. Personal interest 2. Fun project where both important.

What would it do (job recruiting) - Did it solve a problem, not a lot of start u, good team, loved the idea. akoha.com

They got 2 million and it became startupjobs.com

Is your idea ready. What is the exit path, venture, cashflow - What the bet? execution, inovation

They assume your plan will be wrong but that ok and the team is right and there is a large revenue canvas.

If its a niche that not a good bet like everyone will have a gps phone. Looks for mega trend - Like live Blogging :-)

Don't say i don't know - or no competitors - know your business and make it clear. What are they betting on.

If your idea packages existing tech even better.

If it's innovation then know what you need to invest to make that tech.

Angel Dynamic: What is there risk - Money, reputaion, time

What is required: Financial, personal, social reason. Find people with
credibility

Clear and credible plan. What is the Risk reduction. What are the milestones. If you can accomplish what you set out to it will allow you to take the next steps. Like product ships, customers, etc.

Hey, we are on Tech Crunch

Ingredients for success

larger markets with changing mega trends

New emerging markets with rapid access
and risk reduction

Teams with experience. Another great one for use since we have loads of experience (well not necessary on a dot com)

They have been going to university look for teams.

What to avoid: Life style business, service companies re-tooling, angels who are not in your market, business without clear funding roadmaps, teams that don't have independent momentum and ability to execute or the ability, lone gunman entrepreneurs.

VC"s with say "Too much hair on the deal" when you have unqualified angel investors.

Some angles will come in 3 days a week if that what you need.

All startups are and up and down ordeal. You need a partner. Lone gunman are not good.

Who are they: Always start with your own, still a business investment, treat it like one.

Under 100k is OK

<1 million, there is a lot of money. AngelSoft manage deals.

A lot is mentorship money.

Love your banker - if there game.

Paying to fundraising is not a good way to go. If they have a good track record, fine.

Investment banks are not the way to go.

Vultures - These are the guys that want 50 %of your company. Angles don't want to own your company.

Types of qualified angels: Friends and family but get power of attorney. Business guys, industry experts, come with experience.

Circle of Mentorship - "Friendtors"

Most angle are not super rich but are willing to invest alone.

You will here no a lot. Learn to except it and make you smarter. Ask question on why. Take the advice if they will share it.

Who must "stink" of credibility.

Don't want to see a new blog widget. Social software is good.

Look at the pitch for StandoutJobs. Reinventing the Job Marketing Online. Why should I care and why should I listen.

Start out with the pitch of the company.

Small light weight team and credibly. Solving a problem.

What's the difference, exactly.

If they can;'t explain it to someone else you have failed.

Simple clear story.

List the problems of the industry. What do we do to solve that problem.

Talk about the road map and what are you success - 10 minutes max.

How to Pitch? Closing Angel Financing.

Deal structures. Get a lawyer to help you with the deal. Make it light weight.

Things to watch - too many shareholders.

Get a main angle but build out a book of order. If I get the other 200K can I have your commitment on your 25

VentureHack
National Angel Org
Angel Capital Alliance

Risks - you can not divorce an angle investor unless you bankrupt.

Check your angel investors references.

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