Are you looking for a Texas angel investor?
Texas has been a stronghold for entrepreneurs, many of
which have successfully built companies with the help of angel investors. Even with the large number of Texas angel
investors, the challenge of finding one for your business can seem daunting.
There are a variety of ways to find an angel investor in
Texas. It may take some time to find
them, but the payoff for finding one that fits well with your business is well
worth the effort. You should begin searching
for Texas investors many months before you are planning to make use of any
funding received from them.
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Keep in mind that investors prefer to invest in companies
referred from people they trust. If you
find them through relatively impersonal means, you may have extra work. Most have more deal opportunities than they
want to consider and are not afraid to disqualify opportunities very quickly.
You may find that some angels are simply not the right
fit for your business. Simply keep persevering and you will find your Texas
angel investor if your business is viable.
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Where can I find Texas angel investors online?
A number of angel investor groups in Texas have a
presence online. These groups of angels
pool their knowledge and resources which allows them to make better informed
decisions and do larger deals. If you
cannot find these groups online, www.goBIGnetwork.com is a great option. The Go BIG Network connects investors,
entrepreneurs, advisors, service providers, and anyone else in the startup
community.
How does the Go BIG Network connect you with an angel
investor?
When you purchase a subscription, you can view the
contact information for angel investors.
The Go BIG Network allows you to search based on preferred industry,
investment amount, and type of investor.
This lets you customize your results to your business.
Alternatively, if you would rather have investors contact
you, you can post a “Request” which is similar to the idea of a classified
ad. Investors can get in touch with you
if they are interested in your business.
Where else can you find angel investors?
- You can call your local
chamber of commerce and ask them if they know of angel investment groups
or individual angels in your area. It is important that you find
investors close to you because investors usually will not invest in
companies that are more than a several hours’ drive away. This
allows communication to go unhindered.
- You can also call the nearest
Small Business Development
Center to get
contacts. A quick online search should help you find their phone
number.
- You can ask your accountant
for a referral to an angel investor in your area of Texas.
- Similarly, you can ask your
attorney. Most lawyers know who has money. Be sure to ask for
permission to use their name before talking to the angel.
- Bankers may be able to get
you started on the right path to finding angel groups or possibly even
individual angels.
- Venture capital firms may be
able to point you in the right direction as well. Some of the
venture capitalists themselves may invest their own private money in
deals.
- Local business magazines and
news sources can be another source to finding angel investors.
- You can contact the director
of the trade associations related to your company. They may know of
investors that specialize in your industry.
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Finding an angel will take some time, but be persistent and learn from your mistakes. After you have a solid business plan, a working prototype or signed contracts can be the most convincing tools in bringing investors on your team. Just keep expanding your network of contacts and be diligent.
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