"Angel Investors" can truly be angels when it comes to funding your business idea. To find them, you need to know what an angel investor looks like.
The Center for Venture Research at the University of New Hampshire researched angel investors and found that they are approximately 47 years old with a yearly income of $90,000, net worth of $750,000 and have finished college. They are usually self employed and invest an average of $37,000 for each endeavour.
The Small Business Administration (along with other organizations) count the number of angel investors in the U.S. at 250,000, and those numbers are growing. TNS Financial Services estimates 9.3 million households in the U.S. have a net worth of over 1 million dollars. Three million according to Merrill Lynch and Co, and Capgemini Group have investable assets of $1 million without their main homes.
This 9.3 million is the number one estimate for angel investors in the States. Many of them are latent angels, meaning they have the net worth but have not invested. They are the best possible investors in a venture because of their funds but they donít get inundated with deals.
Active angel investors are now, or were, entrepreneurs, successful executives and wealthy people. Some venture capilitalists will see a deal that they like and may invest as an angel investor.
Angels can add more experience to your business along with the money they put in. Now that you know they are usually executive and business owners, finding them might be as easy as flipping through your local yellow pages.