Before you approach an angel investor or angel network, ask yourself and your partners these questions:
- Am I willing to give up some amount of ownership and control of my company?
- Can I demonstrate that my company is likely to realize significant revenues and earnings in the next 3-7 years?
- Can I demonstrate that my company will produce a significant return for investors?
- Am I willing to take the advice from investors and accept board of director decisions I may not always agree with?
- Do I have an exit plan for the company that may mean I’m not involved in 3-7 years?
You’ll need to follow those answers with a solid business plan and an executive summary that includes:
Financial overview for at least three years out
Sales and marketing plans
Three-to-five year goals and your action steps to get there
You may also find Funding Stage Definitions helpful in determining what types of investors to approach.
You only get one chance to make a first impression. We highly recommend working with one of the resources below on pitch prep and selecting the right investment group. Not sure where to turn? Call KCSourceLink at 815-235-6500.
Who can help?
Kansas Angel Tax Credit
For questions, contact the Kansas Department of Commerce at 785-296-3345.
The Kansas Angel Investor Tax Credit Program is an initiative developed under the Kansas Economic Growth Act. The program is designed to bring together Kansas-based accredited angel investors with Kansas-based, Kansas Department of Commerce-certified companies seeking seed and early stage investment.
This program enables accredited angel investors to qualify for the Kansas Angel Investor Tax Credit, and allows companies to become certified under the guidelines of the program.
Other Angel Groups
provides a listing of many angel groups.
Venture capital funds can also provide early-stage financing. For a list of KC-based venture capital funds, click here