Our Little Angels Angel investors haven't left us; they're just scaling back their operations.
By David Worrell •
Opinions expressed by Entrepreneur contributors are their own.
John Garcia was in the right place at the right time. It was 1982 when he sold his surgical supply company to Baxter Healthcare and started looking for investment opportunities. It wasn't long before he found several small, private companies looking for financial help--including a little-known retail concept called Mail Boxes Etc.
Garcia's investments eventually returned several times his money, catapulting him into angel investing. Now, at 45, he makes a full-time job of connecting businesses with angel capital.
Garcia, founder of Angel Strategies in Tustin, California, has seen the nature of angel investing change. "There was a time when we all believed in 100 times returns. But most angels today would be happy with 10 times--and they'll settle for 3 to 5 times."
The rest of this article is locked.
Join Entrepreneur+ today for access.
Already have an account? Sign In