Main Benefits of Angel Investors

I thought this article excerpt said it best:

“So what are the main benefits of angel investors?

Cash. You need cash to grow your business and angel investors have it. It sounds obvious, but don’t take money from angels or investors unless you plan on giving it back.Control. The terms are less demanding. Angel investors are looking to have less control over your company than venture capitals or institutional investors regarding shareholder rights, governance, and decision making. They are around for the ride. Because Honest Tea raised funds from angels, our cofounder, Barry, and I were able to protect Honest Tea’s mission.Angels can offer advice, experience, and support.They have great networks, can serve as local cheerleaders for your product or service, and can help get you connected.”

Excerpt provided courtesy of Inc.com‘s article: The Dos and Don’ts of Raising Money from Angels

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About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
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