How do I know they are not a scam?
Hello, Peter, and thanks for your question.
The first red flag that a potential “angel investor” might be a scam is that they contact you unexpectedly. Most angel investors do not cold-call potential investment targets. If you want to meet legitimate angel investors you can typically find local networks in your region that back small start-ups. Alternatively, you may try working through one of the websites that match up investors and young companies. Lastly, you can always look through some of the accelerators that work with start-ups and get lists of investors who support their companies and reach out on your own.
We have a great article that covers in detail how to go about raising angel funding. You can check it out here: https://fitsmallbusiness.com/how-to-raise-angel-funding/
We also have a full section with ideas on how to fund new start-ups. You can find some of those articles here: https://fitsmallbusiness.com/financing/startup-funding/
Hope this helps. Best of luck!
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