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When entrepreneurs decide they want funding from angels, their mutual interests are often misinterpreted by each other. The entrepreneur usually has a few short minutes to present their unique business plan, including how much money is needed, and then convince the angel they will make a desired return in an acceptable time frame. Only with an effective presentation does the entrepreneur have the greatest potential of attracting funding.
The author’s experience, as an active angel investor, is that many entrepreneurs are unable to explain what is required to get angels to fund their idea. The huge entrepreneurial effort in creating a new business idea should then be motivation to study how to design and practice a pitch that resonates. This course will prepare the entrepreneur for what the angel needs to hear that will attract funding most successfully.
Learning Objectives
- Recognize the relationship and performance that angels and entrepreneurs can expect when working together.
- Identify a 6 step process that emphasizes the importance and priority of due diligence.
- Identify the data that is required during due diligence and how it will be listed and prioritized
- Identify the essentials of a pitch that resonates with the angel
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Prerequisites
Prerequisite: Exposure to corporate finance
Advanced Preparation: None