Tips for Establishing Relationships with Angel Investors

1. Do your research
Once you have an angel investors list, after that you must make sure that you have made a real enough progress to at least offend the interests of potential investors. Of course, we’ve all heard of entrepreneurial series getting invested ” in any business plan.” But in general, if the investor does not have a relationship with you before, you usually need to have a stock before meaningful discussions can happen. It usually a demo or prototype.

Tip: If you do not know, and you’ve run out of ways to find out, then ask. Ask at the beginning of the meeting rather than at the end. Do not you want to know sooner than later? That way, you can actually get some useful information from the meeting, and start mapping the interaction forward.

2. Apply mindset to give, not receive
If you realize that investors do not seem to want to invest in your company right now, but you still want to develop a relationship with this person, then be honest. Investors may reject the meeting, but there are still many ways for an entrepreneur to ensure that the meeting is valuable to investors. Explain that you’ve done research on these investors and know about their investments, but point out why they should see you “so early.”

Tip: At the end of the meeting, ask if there is anything you can do for an investor, like tell them about an interesting event in your sector or a sector that would appeal to them. Ask if they would occasionally get an interesting article forward or report about your sector so they can know more about your sector. Offer to be an expert they can ask if they are interested in companies in the sector in the future. It is a good habit to set up, for any type of actual business development.

3. Communicate well
If you are lucky enough to have potential investors, mentors, and advisors actively jumping in and helping you, then express their gratitude to them for their advice. Even more importantly, tell them the results.

Tips: Some of the best communication you can find on the internet. There are a lot of examples of great invitations that could turn people who were originally just supporters into angel investors for their projects.