how to meet an angel investor so I got a great question from one of my readers on
great question from one of my readers on
great question from one of my readers on ceremony one of my viewers on YouTube
ceremony one of my viewers on YouTube
ceremony one of my viewers on YouTube love you guys
love you guys
love you guys Christine who wrote in the say hi Evan
Christine who wrote in the say hi Evan
Christine who wrote in the say hi Evan I’d like to know how to meet an angel
I’d like to know how to meet an angel
I’d like to know how to meet an angel investor I’m just about ready to get
investor I’m just about ready to get
investor I’m just about ready to get things moving but we’ll need help
things moving but we’ll need help
things moving but we’ll need help financially Thanks this is a great
financially Thanks this is a great
financially Thanks this is a great question and I know a lot of
question and I know a lot of
question and I know a lot of entrepreneurs are trying to get money to
entrepreneurs are trying to get money to
entrepreneurs are trying to get money to launch a business angel investors could
launch a business angel investors could
launch a business angel investors could be a good way to go how do you find one
be a good way to go how do you find one
be a good way to go how do you find one so I have an entire Zuka guide on this
so I have an entire Zuka guide on this
so I have an entire Zuka guide on this how to find the angel how to pitch them
how to find the angel how to pitch them
how to find the angel how to pitch them everything that they look for while
everything that they look for while
everything that they look for while they’re gonna you know crunch down your
they’re gonna you know crunch down your
they’re gonna you know crunch down your deal how to maximize your chances of
deal how to maximize your chances of
deal how to maximize your chances of success with them so you can check that
success with them so you can check that
success with them so you can check that out if you’re really considering going
out if you’re really considering going
out if you’re really considering going down this path I’d highly encourage you
down this path I’d highly encourage you
down this path I’d highly encourage you you look at that zuga guide we have but
you look at that zuga guide we have but
you look at that zuga guide we have but how to meet an angel to answer the
how to meet an angel to answer the
how to meet an angel to answer the question the first thing you have to
question the first thing you have to
question the first thing you have to understand is most angels they’re not
understand is most angels they’re not
understand is most angels they’re not too vocal about their angel investing
too vocal about their angel investing
too vocal about their angel investing okay most angels all set don’t go around
okay most angels all set don’t go around
okay most angels all set don’t go around and say hey I’m an angel investor
and say hey I’m an angel investor
and say hey I’m an angel investor because they’re gonna get bombarded with
because they’re gonna get bombarded with
because they’re gonna get bombarded with pitches right most of them don’t have
pitches right most of them don’t have
pitches right most of them don’t have websites there’s no directory because
websites there’s no directory because
websites there’s no directory because they don’t want to get hit with too many
they don’t want to get hit with too many
they don’t want to get hit with too many pitches for their companies so they work
pitches for their companies so they work
pitches for their companies so they work through informal networks they work
through informal networks they work
through informal networks they work through their friends the main reason is
through their friends the main reason is
through their friends the main reason is a lot of these guys they’re not
a lot of these guys they’re not
a lot of these guys they’re not professional angel investors they’re
professional angel investors they’re
professional angel investors they’re part-time there’s a term in the industry
part-time there’s a term in the industry
part-time there’s a term in the industry called DDI
called DDI
called DDI which is doctors or dentists with
which is doctors or dentists with
which is doctors or dentists with disposable income so that’s your first
disposable income so that’s your first
disposable income so that’s your first group a lot of the angel investors are
group a lot of the angel investors are
group a lot of the angel investors are just wealthy professionals they have a
just wealthy professionals they have a
just wealthy professionals they have a full time job and they’re looking to
full time job and they’re looking to
full time job and they’re looking to make investments in the companies as
make investments in the companies as
make investments in the companies as something to do on the side so doctors
something to do on the side so doctors
something to do on the side so doctors and dentists are a great starting point
and dentists are a great starting point
and dentists are a great starting point my dentist likes to tell me that he
my dentist likes to tell me that he
my dentist likes to tell me that he doesn’t have a lot of excitement in his
doesn’t have a lot of excitement in his
doesn’t have a lot of excitement in his life he’s got the same job coming in day
life he’s got the same job coming in day
life he’s got the same job coming in day in day out and he likes to live
in day out and he likes to live
in day out and he likes to live vicariously through his investments so
vicariously through his investments so
vicariously through his investments so that’s his chance to show off to his
that’s his chance to show off to his
that’s his chance to show off to his friends and to have a little bit of
friends and to have a little bit of
friends and to have a little bit of excitement because he doesn’t get much
excitement because he doesn’t get much
excitement because he doesn’t get much of it in his own life so it’s something
of it in his own life so it’s something
of it in his own life so it’s something that you can look at start talking your
that you can look at start talking your
that you can look at start talking your dentists or talking to your doctor even
dentists or talking to your doctor even
dentists or talking to your doctor even if they want to invest they probably
if they want to invest they probably
if they want to invest they probably know other people who might so that’s
know other people who might so that’s
know other people who might so that’s your first group
your first group
your first group the second way is look for professionals
the second way is look for professionals
the second way is look for professionals who can connect you so a lot of the
who can connect you so a lot of the
who can connect you so a lot of the angel deals are sourced through
angel deals are sourced through
angel deals are sourced through accountants through lawyers because they
accountants through lawyers because they
accountants through lawyers because they are connected to the angel investors
are connected to the angel investors
are connected to the angel investors right financial advisors is another
right financial advisors is another
right financial advisors is another group so if you let these people know
group so if you let these people know
group so if you let these people know what you’re up to right who’s your
what you’re up to right who’s your
what you’re up to right who’s your financial adviser who is your lawyer who
financial adviser who is your lawyer who
financial adviser who is your lawyer who is your accountant or find people in
is your accountant or find people in
is your accountant or find people in your network who are any of those
your network who are any of those
your network who are any of those positions and let them know what you’re
positions and let them know what you’re
positions and let them know what you’re looking for because chances are they
looking for because chances are they
looking for because chances are they have a client who is an angel investor
have a client who is an angel investor
have a client who is an angel investor now they have to believe in what you’re
now they have to believe in what you’re
now they have to believe in what you’re doing you have to think is a good fit
doing you have to think is a good fit
doing you have to think is a good fit for the client they’re not just going to
for the client they’re not just going to
for the client they’re not just going to introduce you to their client because
introduce you to their client because
introduce you to their client because it’s got to make everybody look good
it’s got to make everybody look good
it’s got to make everybody look good right but it is a value-add service
right but it is a value-add service
right but it is a value-add service right if if your lawyer is bringing you
right if if your lawyer is bringing you
right if if your lawyer is bringing you deals then you like that lawyer a lot
deals then you like that lawyer a lot
deals then you like that lawyer a lot more so they’ll be happy to introduce
more so they’ll be happy to introduce
more so they’ll be happy to introduce you and it helps them look good but your
you and it helps them look good but your
you and it helps them look good but your deal has to make sense for them so start
deal has to make sense for them so start
deal has to make sense for them so start talking to lawyers and accountants and
talking to lawyers and accountants and
talking to lawyers and accountants and financial advisors and think about who
financial advisors and think about who
financial advisors and think about who is in your network who might have that
is in your network who might have that
is in your network who might have that position because they could be great
position because they could be great
position because they could be great facilitators for you those are going to
facilitators for you those are going to
facilitators for you those are going to be your two best sources your DDIs
be your two best sources your DDIs
be your two best sources your DDIs doctors and debts is a disposable income
doctors and debts is a disposable income
doctors and debts is a disposable income and then your connectors financial
and then your connectors financial
and then your connectors financial planners financial advisors accountants
planners financial advisors accountants
planners financial advisors accountants lawyers a third smaller group are going
lawyers a third smaller group are going
lawyers a third smaller group are going to be angel groups and this is what a
to be angel groups and this is what a
to be angel groups and this is what a lot of people try to get into but it’s
lot of people try to get into but it’s
lot of people try to get into but it’s not where most of the deals happen and
not where most of the deals happen and
not where most of the deals happen and this is where angel investors they form
this is where angel investors they form
this is where angel investors they form a group in a city and there may be
a group in a city and there may be
a group in a city and there may be twenty of them are 40 of them or
twenty of them are 40 of them or
twenty of them are 40 of them or whatever it is and they have pitch
whatever it is and they have pitch
whatever it is and they have pitch nights where entrepreneurs come in and
nights where entrepreneurs come in and
nights where entrepreneurs come in and they make their pitch and the investors
they make their pitch and the investors
they make their pitch and the investors see is is right for me or not and they
see is is right for me or not and they
see is is right for me or not and they make a decision and usually those are
make a decision and usually those are
make a decision and usually those are done on a regular basis I might be a
done on a regular basis I might be a
done on a regular basis I might be a quarterly pitch night over dinner or
quarterly pitch night over dinner or
quarterly pitch night over dinner or whatever it is you come in pitch you get
whatever it is you come in pitch you get
whatever it is you come in pitch you get to meet the teams of angels and
to meet the teams of angels and
to meet the teams of angels and hopefully you line the deal out of that
hopefully you line the deal out of that
hopefully you line the deal out of that but there are too many angel groups and
but there are too many angel groups and
but there are too many angel groups and those events don’t happen too often and
those events don’t happen too often and
those events don’t happen too often and so that’s all you’re relying on as your
so that’s all you’re relying on as your
so that’s all you’re relying on as your strategy it’s gonna be really hard to
strategy it’s gonna be really hard to
strategy it’s gonna be really hard to get that going so you’re gonna have a
get that going so you’re gonna have a
get that going so you’re gonna have a lot better luck with your dede eyes and
lot better luck with your dede eyes and
lot better luck with your dede eyes and your connectors one last option that you
your connectors one last option that you
your connectors one last option that you might want to look at is
might want to look at is
might want to look at is crowd sourcing so look at websites like
crowd sourcing so look at websites like
crowd sourcing so look at websites like Kickstarter com where you’re not even
Kickstarter com where you’re not even
Kickstarter com where you’re not even giving up equity in your business but
giving up equity in your business but
giving up equity in your business but you’re giving your basically pre-selling
you’re giving your basically pre-selling
you’re giving your basically pre-selling whatever product or service you have and
whatever product or service you have and
whatever product or service you have and it’s a great way to raise startup
it’s a great way to raise startup
it’s a great way to raise startup capital without giving up any any part
capital without giving up any any part
capital without giving up any any part of your company but still also create
of your company but still also create
of your company but still also create tons of awareness in in your business
tons of awareness in in your business
tons of awareness in in your business one last thought about angel since we’re
one last thought about angel since we’re
one last thought about angel since we’re on the topic because this this is really
on the topic because this this is really
on the topic because this this is really important don’t just take money for
important don’t just take money for
important don’t just take money for money okay you want somebody who can
money okay you want somebody who can
money okay you want somebody who can offer real value to your business you’re
offer real value to your business you’re
offer real value to your business you’re looking for a strategic partner so you
looking for a strategic partner so you
looking for a strategic partner so you know if you’re bringing on that dentist
know if you’re bringing on that dentist
know if you’re bringing on that dentist make sure he or she has a passion for
make sure he or she has a passion for
make sure he or she has a passion for your business I might be able to make
your business I might be able to make
your business I might be able to make some connections in to helping your
some connections in to helping your
some connections in to helping your company and is not just giving money
company and is not just giving money
company and is not just giving money because if they don’t understand your
because if they don’t understand your
because if they don’t understand your business and they don’t have a passion
business and they don’t have a passion
business and they don’t have a passion for hey they can’t offer you any help
for hey they can’t offer you any help
for hey they can’t offer you any help but B if something gets hard they’re
but B if something gets hard they’re
but B if something gets hard they’re gonna start giving you a hard time right
gonna start giving you a hard time right
gonna start giving you a hard time right they want to see a return and if they
they want to see a return and if they
they want to see a return and if they don’t understand your business and
don’t understand your business and
don’t understand your business and they’re not helping out they’re gonna
they’re not helping out they’re gonna
they’re not helping out they’re gonna give you a lot more pressure so try to
give you a lot more pressure so try to
give you a lot more pressure so try to get somebody who’s smart money who can
get somebody who’s smart money who can
get somebody who’s smart money who can be a partner for you and not just give
be a partner for you and not just give
be a partner for you and not just give you dollars belief that’s my advice I
you dollars belief that’s my advice I
you dollars belief that’s my advice I have a lot more to say in the topic but
have a lot more to say in the topic but
have a lot more to say in the topic but that’s answering the question and I know
that’s answering the question and I know
that’s answering the question and I know we have a little bit of time so let me
we have a little bit of time so let me
we have a little bit of time so let me know what you think leave a comment
know what you think leave a comment
know what you think leave a comment below if you’ve gone for angel investing
below if you’ve gone for angel investing
below if you’ve gone for angel investing if you’re going for it now if you have
if you’re going for it now if you have
if you’re going for it now if you have questions leave it below like a video
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