Here’s what we will cover today:

• Follow our 6-step plan to raise angel funds 

• Discover the answer to yesterday's trivia question

• Learn from a founder's fundraising experience

Quote of the Day

"An investment in knowledge always pays the best interest."
~Benjamin Franklin

Today’s Tip

The term “angel investor” is officially defined as a private investor who offers financial backing to an entrepreneurial venture.

When several private investors form an organization to collectively fund ventures, they are known as an “angel investor group.”

The act of providing financial backing is known as “angel investing.”

The amount of angel financing is significant. According to the Center for Venture Research at the University of New Hampshire, in 2023, 54,735 ventures were funded by angel investors totaling $18.6 billion.

This compares to only 4,305 companies that were funded by venture capital firms, although VCs invested $80.4 billion in these firms in 2023.

Part of the reason why angel investing is so prevalent is that there are numerous stories of companies who raised angel capital in their nascent stages and then went on to achieve massive success. Among many others, companies that raised angel investments include Google, Amazon.com, Apple, The Body Shop, Kinko’s, Starbucks, Digg and LinkedIn.

Today’s Resource

Better Than Venture Capital?

Venture capital is great if you can get it. But, if you aren't raising $2 million or more, you'll only waste your time chasing it. 

So, how can you raise $50K to $2 million from investors without chasing "venture capital"?

Focus on raising angel funding.

It’s much easier to raise.

And you give up much less of your business.

Trivia

Today’s Question: The Anglo-Persian Oil Company was founded in 1908 following the discovery of a large oil field in Masjed Soleiman, Iran. By what name is this company known today?

Previous Question: Anne Wojcicki co-founded what private genomics and biotechnology company that won Time Magazine's "Invention of the Year" award in 2008 for offering the first at-home autosomal DNA test for ancestral purposes?

Previous Answer: 23andMe

Anne focused on empowering people with direct access to genetic information so that they could use their data to make decisions that could lower their risks for disease. Under her leadership, 23andMe now provides the only personal genetic test with FDA authorization to deliver health information directly to consumers.

News

The brutal truth this founder wishes he knew when fundraising

8 Top Brainstorming Techniques to Help You Write Killer Emails

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