Subscribe to Entrepreneur for $5

Do You Believe in Angels?

Angel investors--and their money--are out there. Learn to catch one.

This story appears in the February 2003 issue of Entrepreneurs Start-Ups magazine.

Getting angel capital for your business was never all that easy. But today, post-dotcom-crash, is there any angel money to be had? In expert circles, opinions differ a bit.

"If you were to characterize early-stage [angel] investing as an intersection, there isn't a red stop light--there's a blinking yellow caution light," says Brian E. Hill, co-author with Dee Power of Attracting Capital From Angels (Wiley & Sons) and co-founder of Profit Dynamics Inc., an investment consultancy in Fountain Hills, Arizona. Hill notes that the trend of late is for entrepreneurs to do a lot of old-fashioned bootstrapping-spending their own cash and showing a bit of revenue to attract angels. Picking the right angel investor for your particular company is vital, so do your research beforehand. And, says Hill, start building your network of investors before you actually need the money, because it'll take time.

Continue Reading With an Entrepreneur Subscription Now 40% Off—Use Code SAVE40

Become a member to get unlimited access and support the voices you want to hear more from. Subscribe to Entrepreneur for just $49/year $29/year.

Not ready for an annual subscription?
Get 3 months free with code ZENDESK

Presented by zendesk

Not ready for an annual subscription? Get 3 months free with code