The company’s future growth is most likely contingent on landing angel investment funding. The challenge is to find the angel investor who will be passionate about your ventures. Here are ways to reach out for the angel investors in the bustling city of New York.
Join Professional Social Networking Sites
There are numerous professional social networking sites that have launched across all types of industries and business segments. Majority of these new websites can connect you to investors from New York or other countries who want to participate in global business environment.
Reach Out to Traditional Private Equity Firms
Such firms give you access to investments especially for startups. It offers funding to businesses that have potential to grow in their respective industries. This is considered the traditional path and one commonly taken by relatively nascent companies. According to Private Equity Network, these private equity firms invested $347 billion to nearly 2,100 companies in the United States for the past few years.
Extend Your Angel Investor Network
Consider making connections of your own by reaching out. The Angel Capital Association which is a trade association of investment groups provides the largest resource list of the best angel investing firms in the United States. One of which s the Golden Seeds LLC in New York, with about 190 angel investors. The members of this network invest directly or use a managed fund for companies founded or led by women. The sector of industry it supports includes consumer products, technology, software and life sciences.
According to David A. Rose, the founder and chairman of New York Angels, the entrepreneurs seeking investors must already have a sizable degree of traction among users. Furthermore, according to Rose, a person is on his own in the initial stages of his/her business, but as people get interested in one’s venture that is when they will invest.
Remember to Tell a Story
Capturing attention of angel investors for your business can be done by telling a story. According to Paul Silva of Massachusetts-based angel group, River Valley Investors, one of the biggest mistakes entrepreneurs make is offering too many numbers. He suggests using personal examples on how your service or product has solved a problem in your life instead.
Know your business’ worth and angel investors will surely come and find you. Finding your angel investors in New York City might seem daunting at first, but by continuous effort you will surely find angel investors of your own in no time.
David Milberg is a financial analyst in NYC with nearly 3 decades of experience in the finance industry. He is a long-time owner of Milberg Factors, a factoring and finance company with locations in New York, California, and North Carolina.