Forums: Discussions for entrepreneurs and small business.

So it seems for me. Today I got the very unexpected, and equally good news, that a private "angel" style investor who`s a friend/acquaintance of the friend of mine who`s my main partner in the whole cafe endeavor volunteered today to chip in 15,000 or so to help us get started - unsolicited. He`ll be part owner till such time as I can pay him off. He doesn`t want as much of a ROI as I`m hoping to give him. As far as I`m concerned, this person actually believes in us, and that`s worth more than going interest rate. The contract will be more conservative of course. This really is unexpected good luck, and the reason I post is because it ratifies the theory that getting investors requires being within one step of one. If you know an investor and you have a good idea, you probably won`t have to ask for money. They`ll see a good venture. This totally encourages me to move forward, because clearly I`m doing something right.

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Sounds great.  A lot of time in the start up world, friends and family are the first to invest.  I do believe you may have an angel here.  However, I would document exactly what the expectations and ROI may be so that from a legal standpoint there are not misinterpretations, especially with family and close friends.  I have seen a number of relationships end badly because of this very issue.

Great news. Wish you the best. Hopefully, we`ll be next.

Larez

Great news Matt. There is an underlying psychological thing going on when you seek investment. It`s always better not to look for investment directly but to leverage contacts to make introductions. The best way is to be so good that business angels and in some cases VCs can`t ignore you. An article in a newspaper about how you are expanding organically etc., will have investors queuing up round the corner to make you an offer.