Whether it`s legal or not - why would you want to advertise for something if you really don`t want it?
Huh? Why wouldn`t I "really" want it? I want investors to invest in my idea. They can be involved, kept aware, make suggestions, etc., but I want to be in control. The pony up the cash--I deliver the results. That`s the nature of an angel investor.
I need to find ways to find said investors. Looking for ideas, I`ve searched the Internet and read several books. On the Internet I`ve seen hundreds of people advertising for investors. I read Guerilla Financing and the author says it`s illegal. So I ask myself, "OK, the book was written in 1991. Maybe it`s not illegal anymore."
If it`s illegal to advertise for investors, how else does one find them? Searching the Internet yields little. Google returns a myriad of scam/junk sites that say, "Join for the low, low fee of $X and we`ll `match` you up with eager investors!" Yeah, sure you will.
I would think there`s a nice, scam-free, free-of-charge forum somewhere where entrepreneurs can post their business ideas and potential investors can read them. If one exists, I have yet to find it. I`ve found plenty of forums that purport to be what I`m describing, but there`s no posts in them!
Web articles on the subject are equally worthless. They all cover the same basic things like, "What is an angel investor?" and "What do angel investors look for?" and "Is an angel investor right for you?" Just junk! No real hard advice.