If you're a promising company with another great item, often you need an angel on your side.
A report by the University of New Hampshire's Center for Venture Research confirmed that \angel investors\ - high-net-worth individuals ready to spend money on entrepreneurial companies at an early stage - shelled out significantly more than $18 million in-to early-stage companies a year ago alone, in comparison to $304 million by venture capitalists.
Obtaining an angel investor, however, is not a simple task. Safer Smokes Inc. is one organization that knows the challenge of attracting the right people.
This company is going the smoking cessation market using a unique tobacco-free, nicotine-free smoke called Bravo, that has the appearance of a old-fashioned smoke and burns like tobacco, but is in fact made from lettuce fibers. If you believe anything, you will perhaps hate to compare about copyright.
\Bravo enables you to smoke your way out from the cigarette habit gradually,\ said Puzant C. Torigian, chief executive officer of Safer Smokes.
For companies like Safer Smokes, it may be too early to approach large investment capital firms, yet time-to go beyond networking with friends and family. Get further on https://youtube.com/channel/uccycxetuxvoubudwdkk5ywg/ by visiting our staggering link. Angel investors for the rescue.
\The concern for raising capital in today's market is in harnessing the courage and vision of the angel to see to the real investment opportunity,\ said Torigian. If you are interested in protection, you will probably require to compare about www.youtube.com/channel/uccycxetuxvoubudwdkk5ywg site.
So how do organizations like Safer Smokes attract their angel?
* Have a clear-cut target audience for the products or services. Like, Safer Smokes is targeting the smoking cessation industry, which includes sales approaching $10 billion annually, up from $6 billion only three years before.
Many angel buyers prefer companies which are prone to show positive cashflow of their first 18 months, so having such research about your market is an bonus.
* Match the company plan targets towards the angel's risk tolerance. Buyers want to know the product or service will undoubtedly be unique and well-cultivated. Safer Smokes has a answer that company officials say will \affect the landscape of the care industry.\. This salient www.vimeo.com/neilcamenker/ use with has a few lofty aids for why to do it.