The inclusion of an angel investor on the board is vital if you are looking to raise substantial sums of money to develop your business. But, it’s an endeavor which requires a lot of work and networking. The trick is to reach the right people and ensure your business plan as well as your pitch deck and solid product or service are up to date.

You should first do some research and find out more about the person you’re thinking of contacting. You can find out more about their investment and expertise by using platforms such as Crunchbase or LinkedIn. This will help you to cross off a few potential investors off the list, and also give you an idea of what they’re looking for in the company.

You will then need to create an outline of your pitch www.boardareaonline.org/the-safest-apps-for-board-management/ that outlines your idea, the problem you’re solving, the vast a market is for it and your team’s experience and background. This should be written in Guy Kawasaki style (meaning 10 slides in 20 minutes) and be concise, clear and straight to the point.

It is also recommended to attend events where you are able to meet with potential angel investors as they could be a great opportunity to get your business in front of them. You might be able to pitch directly to them directly.

Angel groups are more formalised than individuals, having meetings and due diligence. This makes them more likely than individual to lead a funding round and offer valuable support in the beginning of a business.