Angel investors are high net-worth individuals who invest in emerging companies. They can be hard to find and attract, but can be a great source for business capital, as well as guidance. They are typically accomplished business leaders or professionals who enjoy investing in start-up ventures that are of interest to them.
Angel investors are financially sophisticated, so it is important to be well prepared before you open a dialogue with them. Many communities today have angel investing groups or clubs that meet regularly to collectively examine opportunities presented by budding entrepreneurs. You can find these networks by contacting your local Chamber of Commerce, or by asking your colleagues, accountant, lawyer, friends and family if they have contacts for angel investors.