How do I raise money for my startup?
Dave, I'm involved with a software startup that's ready to raise some money so they can grow more quickly. I don't know anything about venture capital, so I thought I'd ask you. How do we find a relatively small amount of VC money ($250K)? The company in question makes software for investors. Can you give me advice on how to proceed?
Before we go any further, please realize that any investment of less than a million or two pushes you out of the Venture Capital zone and into angel investors. While most angel investors fly solo, a lot of them are part of angel investor groups like the Silicon Valley-based Band of Angels. They're the best of the angel investors, in my experience, because they can offer something a lot more valuable than a check: expertise and connections in the industry. Trust me, you want access to their address book much more than you want money in the bank.
For angel networks, you can...
Before we go any further, please realize that any investment of less than a million or two pushes you out of the Venture Capital zone and into angel investors. While most angel investors fly solo, a lot of them are part of angel investor groups like the Silicon Valley-based Band of Angels. They're the best of the angel investors, in my experience, because they can offer something a lot more valuable than a check: expertise and connections in the industry. Trust me, you want access to their address book much more than you want money in the bank.
For angel networks, you can...
Continue reading about raising money for your startup at Ask Dave Taylor .
posted by Dave Taylor at
11:28 PM
