9 Things that help startups to improve their odds while facing Angel Investors. A 🧵 thread

#Startup
#Angel #Investors
#Funding
#Thread
1) Explain your IDEA clearly
The inability to describe the business idea early is the biggest mistake startups make while meeting an angel investor. So grab them by the hook early if you want to seal a deal.
2) Highlight the problem & offer solutions
The core idea in your business plan about solving problems is something that angels are really interested in.
3) Pick a lead investor
Choosing a lead investor affects business operations. The lead investor would act as a magnet for other investors and raise the necessary capital while you focus on your business.
4) Get Valuation Right
Ask a few angels about the realistic valuation of your idea. More often than not, this will help you arrive at a correct valuation and raise the required money.
5) Keep Due Diligence Pack Ready
The moment an angel is interested in your business, you can offer a due diligence pack. It shows your professionalism and management side.
6) Show your focus on business.
An angel investor won't invest in an entrepreneur who isn't focused on running the business and merely wants to raise capital. Also, never ask for a high salary post-investment.
7) Have an exit strategy
The reason an angel would invest in your business is to make money, and this is why they would want to know about your exit strategy.
8) Be Honest
Never try and hide anything from an angel that concerns your business or something that would concern you in the near future.
9) Avoid being conservative
Conservative behavior reflects on the growth of your business, as investors are going to rework on the figures and come up with more realistic estimates about your business.
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