In this article, I cover several best practices for using angel investor database. If you follow these steps you will get the best use of the angel investor database.
Narrow your search by state or region: In my experience, it is much easier to narrow your search by state or region. If your search is too broad it will be hard to target specific firms. For many businesses this strategy also makes sense because angels prefer to invest in companies that are near their place of work or home. This allows for a close working relationship between the investor and the start-up company. Too much travel time would just be one more obstacle in securing financing.
Contact each firm individually: It may seem that contacting every angel investor in the database is a good strategy but they will see through mass emails or phone calls. Consider that if you were contacted by a business or start-up and the communication was specific to you and showed that the person was interested in working with you and you alone. How much more would this communication appeal to you?
Develop a comprehensive strategy: You should develop a comprehensive strategy for contacting the investors in the database. Without an actual plan for contacting these angels you will find it hard to make much progress and underutilize the valuable resource that is a directory of potential investors in your business.
I hope that this guide has proved helpful in finding ways to best use an investor database.
But… if you want to be able to quickly contact and work with angel investors you will need a angel investor directory in Excel format.
To obtain this resource from our team please visit http://AngelInvestorDirectory.com
- Theo O’Brien
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