If you are an emerging company with the next excellent item, occasionally you need to have an angel on your side.
A study by the University of New Hampshire's Center for Venture Research showed that "angel investors" - high-net-worth men and women willing to invest in entrepreneurial companies at an early stage - shelled out more than $18 billion into early-stage companies last year alone, compared to $304 million by venture capitalists.
Obtaining an angel investor, even so, is not an effortless activity. Safer Smokes Inc. Dig up extra information on our affiliated portfolio by navigating to braceteeth1 - StreetFire Member in US. is one particular organization that understands the challenge of attracting the appropriate investors.
This development-stage organization is tapping the smoking cessation market place with a distinctive tobacco-totally free, nicotine-totally free smoke known as Bravo, which has the look of a classic cigarette and burns like tobacco, but is truly made from lettuce fibers.
"Bravo lets you smoke your way out of the tobacco habit steadily," said Puzant C. Torigian, chief executive officer of Safer Smokes.
For companies like Safer Smokes, it may possibly be also soon to method significant venture capital firms, but time to move beyond networking with household and close friends. Angel investors to the rescue.
"The challenge for raising capital in today's market is in harnessing the courage and vision of the angel to see via to the actual investment chance," stated Torigian.
So how do organizations like Safer Smokes attract their angel?
* Have a clear-cut target marketplace for your item or service. For example, Safer Smokes is targeting the smoking cessation market, which has sales approaching $ten billion per year, up from $6 billion just 3 years ago.
Most angel investors favor organizations that are likely to show positive cash flow within their first 18 months, so having these sorts of statistics about your industry can be an incentive.
* Match the enterprise plan objectives to the angel's threat tolerance. Investors want to know the product or service will be exclusive and well-cultivated. Safer Smokes has a patented resolution that firm officials say will "have an effect on the landscape of the wellness care sector.". Get more about https://vimeo.com/halzimmermann/ by navigating to our thrilling paper. To get other ways to look at this, we understand you gander at: YouTube: What Is It?.