What Procedures to Expect While Applying For Angel Funding

They say that there are no free lunches in the world. You have to earn everything. Same is applicable and holds true, when it comes to applying for angel funding to help a startup grow, bloom, and expand its wings in the cutthroat world of business. You have to earn it by wining investor’s trust.

Startups and new businesses often turn to angels for procuring the necessary funds. But you need to set your expectations right before approaching them. You need to prepare yourself for pitching your business idea in front of them.

For that, it is imperative to know what selection procedure to expect from them. Angels make the potential startups go through a serious of steps and processes to filter the ones with highest potential.

Typically you can expect angel investors to ask for application followed by pre-screening, screening, investment meeting, due diligence, and term sheet. However, you must remember that these steps can be conducted in any order and not necessarily the one mentioned here.

While applications and screening procedures are aimed to ensuring that a startup meets the required criteria; investment meeting involves angels hearing out the pitch by entrepreneurs seeking funding.

Singapore Innovation League (SIL)

Therefore, entrepreneurs are advised to come fully prepared with an impressive pitch. The pitch must be thought out and well researched with focus on how the startup intends on using the funds for growth. Singapore Innovation League, founded by Niraj Goel and other in Singapore, is looking for promising tech entrepreneurs.

Answering your questions about approaching angel investors

Angel investment happens to be one of the soundest sources of procuring funds for starting and running a business.  As the fonder of a startup you may have several queries in your mind whether angels should be your preferred source of financial income.

If you find yourself in this dilemma ask yourself a few questions and you will know the answer whether you should approach angel investors or not. You need to ask yourself whether you are willing to give up certain degree of company ownership and the amount of control you have over the company.

Do you feel that your company is likely to earn substantial earnings and revenues in the next three to seven years? Do you feel that you can demonstrate how your startup is likely to product significant returns on investment for the investors and show it to the angels?

If you are up for taking advice from investors and comply with the decisions taken by board of directors then this type of funding is right for you. If the answer to all these questions is yes and if you do have an exit plan as well for the company then make sure to approach an angel investment company like Singapore Innovation League.

SIL:

The best time for Singapore based startups to approach Singapore innovation league is when there have developed or product or when it is almost near the completion.