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.
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