Sacramento Angel Investing
Graeme Plant, who works in Mergers and Acquisitions, joins me on Money 2.0 to discuss Angel Investing.
Graeme says Angel investors are often retired entrepreneurs or executives, who may be interested in Angel Investing for reasons that go beyond pure monetary return. These include wanting to keep abreast of current developments in a particular business arena, mentoring another generation of entrepreneurs, and making use of their experience and networks on a less than full-time basis. He says in addition to funds, angel investors can often provide valuable management advice and important contacts.
Graeme says private companies meet angel investors in several ways, including referrals from the investors’ trusted sources and other business contacts. They also meet companies at investor conferences and symposia, and at meetings organized by groups of angels where companies pitch directly to investor in face-to-face meetings. Graeme says angel investors typically look for early investments, a solid business plan, and a good team to implement the business plan.
Graeme notes that the technology industry benefits the most from Angel Investing. He says the Kauffman Foundation is a good resource to check out if you are considering Angel Investing. He also references a few groups based in California, to include: Sacramento Angels, Sierra Angels, North Bay Angels, and Silicon Valley Angels.
Graeme and I talk a bit about the reality TV show Shark Tank, which features budding entrepreneurs looking to connect with investor monies. I note that I had a technology inventor from the show on an earlier episode of Money 2.0. Graeme also discusses the value of meeting with Angel Investors, even if they do not invest with you. He says the feedback on your business proposal and ideas can be invaluable advice.
Graeme concludes the interview by discussing the application process involved in finding an Angel Investor. He also outlines the several month process involved in connecting with investors until the point where the company actually receives monies.
If you would like to hear my conversation with Graeme Plant, you are welcome to listen by clicking here.