From Inc. Magazine, here are 3 reasons why angel investors can help you build your startup:
- Operational Expertise. Angels with operational experience, especially within your industry, can provide invaluable contacts and advice, and angel investors are almost always current or former industry executives themselves.
- Patience. Angels don’t expect to get their money out within three to five years at some pre-determined rate of return. As long as your company is doing well, most angels are happy to let their investment “ride” for the long haul. For the most part, angels are patient, long-term investors.
- Valuation and Ownership. Angels will usually give you a better valuation and financing terms, allowing you to retain more of the equity and board control of your company.
Read the full piece by Langley Steinert, CarGurus.com founder, here.