Many startup founders dream of support from business experienced and wealthy people. That’s where mentors and investors come in as angel investors.
If you want to know in detail how to prepare a catchy presentation, demonstrate potential that your team has and launch a successful MVP, explore material about angel investors in NYC. The experts with hundreds of MVP in their background can give you actionable tips and inspire professional growth.
Key features of angel investment
They intend to help your project become profitable in order to get their money back in ten times bigger volume. But if your business fails, they won’t chase you in order to get their money back.
Angel investors prefer to trust money to the projects which can be related to the early stages of businesses. The reason is obvious: the mission of your product should be clear and useful. If it is so, you have passed the project idea or prototype stages and by the moment of presentation you can prove the feasibility of your business with working MVP.
Let us explain why building an MVP is a necessary thing for attracting angel investors into your project.
MVP eloquently testifies your solid business ambitions. Since you’ve spent some money and effort into your project, you truly believe in its success and will do all the best to make it skyrocket.
MVP demonstrates all the key features of the product in action and lets investors evaluate the idea freshness and practicability of the startup.
MVP lets gather real feedback and prove the hypothesis that the market needs this kind of product.
We invite you for a walk along Broadway. This is where the most influential investment communities for innovative companies in the tech industry are established in NYC.
New York Angels is the most influential investment community in the city. The members of this group invest from $100,000 to $1,500,000 into early-stage companies. The best chances to attract their interest have companies that can be classified as financial or health-related projects, media and b2b platforms.
If you are lucky to be born a woman, you can count on support in Golden Seeds or 37 Angels. These investment groups specialize in financial support to early-stage companies which are run by women.
These specific investment communities promote their mission to develop female businesses in different niches. Every 60 days they gather to assess pitches and give money to 8 of the most promising projects.
To find out more information related to the investment practice in NYC, read the overview about angel investors NYC.
If you are going to get an angel investor into your project, you should be ready for some particularities of work in such a format.
To be ready to learn more and listen to an advisor. If your project is chosen for investment, you get not only funds. You start dealing with a business adviser or a whole board of directors in order to apply their professional tips and business life hacks to your project.
To provide a clear business plan:Â You have to show your marketing and financial strategy with adequate numbers. To be convinced that your project is worth investing in as far as it has a loyal target audience, competitive advantages, sales strategy and far-going plan. The angel investors are eager to know the market size and potential profitability of your startup.
To gather a self-motivated team:Â Angel investors are interested in personalities and their abilities for self-motivation, self-education and self-organization. That is something that business angels look for.
