Angel Business Investors are those individuals who possess extensive industry experience as well as wealth and are willing to provide their funds and expertise to entrepreneurs. They partake in such activities since it provides them a good investment option that they can closely oversee, but certainly not control, quite unlike venture capitalists. And, the individuals who are looking for finances so that they can achieve their dream of Starting Small Business, these angels offer the requisite finances and guidance.
Usually, several Business Angels work along with each other in networks in order to cater to individuals with business plans pertaining to various industries. These investors or networks provide monies in the tune of US$ 1 million, while venture capitalists provide funds more than that. So, it is obviously better for entrepreneurs starting small business to look for angel investors, since they cater to the demographic of small businesses exclusively.
All investors business look for returns and angels are no different. Angel networks ask for a 10X return on their investment and even though this figure might seem daunting, it is an achievable target for the entrepreneur. Since business angels seek fields with high barriers, the individual they grant the funds to are meant to become leaders in their respective lines of work. VCs stay with the entrepreneurs’ companies for long durations of time, whereas angels depart within a period of 3-5 years, via means of IPOs, strategic sales or M&As.
Very nicely done indeed.I think listening to your members is key and ACTING on the info they share/provide is also important. Taking their feedback, knowledge etc and doing something with that information..whether that means promoting it so other members can benefit or making changes to how the community is run, features it includes, etc. Certainly you should communicate how you are acting on the info your members provide.Don't forget that another way to build online community is to leave your own community from time to time and visit others.
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