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Any thoughts on what makes a good angel investor?

Is it a matter of the money, the network, or the background? As I am helping a friend to put together a Seed round of financing for a fashion tech business I keep wondering what the ideal angel investor looks like.

11 Replies

Richard Liebman
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Richard Liebman Entrepreneur
20+ Years of High Level Financial Services
Anyone whose check clears.
Mitchell Bolnick
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Business Mentor, Adviser, Consultant for Start-ups, Small Businesses, Growing Businesses
To me the only really good angels are private equity investors with long term views and goals. Ones that have their own exit strategy and are not relying on you selling your business for them to make all of their money. Often they will want to be a little more involved with your business than a typical angel who is looking for a quick (
Martin Omansky
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Martin Omansky Entrepreneur
Independent Venture Capital & Private Equity Professional
We are angel investors. There are five traits that are common to us all: (1) we specialize in a subject matter; (2) we have imagination; (3) we are willing to take risks; (4) we can afford to absorb losses; and (5) we have a sophisticated understanding of business methods and finance. It also helps if one has a highly developed sense of humor. Sent from my iPhone
Steve Shapiro
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Steve Shapiro Entrepreneur
Managing Partner at eHealth Ventures LLC
Someone that can of course contribute funds at reasonable terms, and can add value. Smart money is always good. Someone in your industry with good connections that is willing to make introductions. Someone that can make meaningful suggestions, while letting you run the show.
Richard Awni
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Richard Awni Entrepreneur
Project Management | Clean Energy | Solar | Go-To-Market | Emerging Technology | Branding I Marketing I Non Profit I HR
Light green with obviously the check has to clear and they have to have money. But also is Martin pointed out and a couple of the comments it is important to have an investor whose interest in that segment aligns with your direction. Women with patients and will give you time to develop your Market in building your company is crucial to having great relationship while you build value and your goal should be to besides getting to market is toprovided very good return on the investment to your Investors
Richard Awni
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Richard Awni Entrepreneur
Project Management | Clean Energy | Solar | Go-To-Market | Emerging Technology | Branding I Marketing I Non Profit I HR
Freakin spellchecker. .lol
Irwin Stein
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Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
Two comments stand out. Martin's suggestion that an angel investor needs a sense of humor and Mr. Leibman's that from your perspective if the check clears, the deal is done. There is more angel and venture capital around than ever before and no generalizations about the people in this industry are appropriate. Suffice it to say that if you were going to a bank for funds you would not ask that question. Don't lose sight of the fact that this is a commercial transaction and should be approached on that level. The relationship should be pleasant and professional but you are not dating.
Donavon Urfalian
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Donavon Urfalian Entrepreneur
A.I. Engineer / Entrepreneur / Founder & CEO @ Umazed / Kodo Startups
Hi Svyatoslav. I read the whole tread of some good and a few cute silly answers. I think that all the things you said-network, background, money-are all important. I'd recommend that you start off by using AngelList, here is the link---} angel.co And search for Angels Investors in your area, there you will be able to see the area that they invest in (e.g. Clean Tech) and how many followers they have, as well their LinkedIn, Facebook, and Twitter links. Perhaps they may be VCs that do seed investing, if so, then check out their company's website. Find out what year their Fund is in, you are ideally looking for year 1, 2, 3 of a typical 10 year Fund. It's a small world, so everyone knows everyone, so be careful with reputations as people aren't willing to say honest things about the bad apples, so you have to be focused and use your judgment wisely. You could also use Meetup.com or just Google search when they are holding or participating in events to get a sense of what they are like in person, and see if they welcome "Executive Summary" submissions via email cold. If you want dumb money, then any investor will do. But if you want him or her to add real value to the startup, then you have to do your research and search a good fit in terms of values and goals.
Rod Abbamonte
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Rod Abbamonte Advisor
Co Founder at STARTREK / @startupHunter / @startupWay / @CoFounderFound / @GOcapital / @startupClub / @lastminute
Thesis affinity and values.
David Austin
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David Austin Entrepreneur
Entrepreneur
Experience in VC.
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