Angel Investors for non-tech, pre-revenue business in L.A. Best answer on the web

January 9, 2009 on 7:32 am | In mybachcars.com |
Angel Investors for non-tech, pre-revenue business in L.A. Best answer on the web
  • We wish to obtain a list of 20 qualified "Angel Investor" individuals
    or groups matching the following criteria:

    -- Not Venture Capitalists or "tech-oriented" funding sources
    -- Investors are willing to make investments as small as $250,000 -to-
    $1.5M
    -- Willing to consider investments in a business with this specific criteria:

    ----- A non-tech business
    ----- Business is a 2 year old, pre-revenue company
    ----- The founders have invested $250,000+
    ----- Professional management and infrastructure is in place
    ----- Have developed a low-priced consumer product targeting the $23B
    DVD and $25B Collectables sectors
    ----- Currently polishing prototypes
    ----- Ready for market entry in Q2, 2005
    ----- Located in the Los Angeles area


  • Perhaps I should clarify. We are only trying to CONNECT with Angel Investor individuals or groups who WOULD EVALUATE AND CONSIDER investments in a business fitting this description. We in no way expect a list of potential investors whose investment in this business is assured.


  • Hi! What you need to do is submit your plan to Tech Coast Angels. They are the leading angel investment group in Southern California (they're actually three different groups which share deal flow). Once you enter their process, they will pre-screen you, have you meet with a volunteer screening committee, and then, if you make it through those steps, have you present to the full group. Their URL is www.techcoastangels.com, which will give you all the information you need about the group, plus their online application form. In parallel, you might want to apply to other groups as well, if you think you meet their qualifications. The best list of serious groups for you is at: www.angelcapitalassociation.org/directory.cfm#california.
    Now, all that said, you should realize that only a very small percentage of companies that seek angel funding actually get it. The success rate is probably less than one in ten, unfortunately. This means that you should set your heart on angel money. If at all possible, you should continue to bootstrap things, because the more advanced the company is (product actually shipping, positive reviews, cashflow breakeven, profitable...) the better chance you have of getting funding. Good luck!