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Individual investors who provide financial funding to startups are called ‘Angel Investors.’ Angel investors may invest individually or as part of an angelgroup, which are usually local organizations made up of Accredited Investors*. Arushi Bhandari, CPA, MBA blogs regularly at www.startuptaxaccounting.com.
Engage trusted service professionals (attorney and CPA) who have worked with startups before. He’s formed multiple venture capital funds, founded angelgroups, and is an angel investor. Most good entrepreneurs are experts in something—a particular technology, an industry, or a skill. Ask questions. Seek advice.
Having said that, if you are, what I see in our group is the lean business plan is initially in the background, it’s your screenplay for your movie. It’s your plan that you go to as you develop summary and pitch, and most important, I see a hundred pitches a year because I do judging for some other angelgroups and so on.
He is Director of the Leatherby Center for Entrepreneurism and Business Ethics, and Chairman Emeritus of the Tech Coast Angels, the largest angelgroup in the United States. It turned out that he really only needed a good bookkeeper and CPA. Enjoy! . He felt he needed someone to compensate for this.
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