Ask HN: Angel Investors | Hacker News Reader

Ask HN: Angel Investors

4 pointsthenameishere2 comments

Greetings all.

I have previously seen some posts about different start-ups here so I thought my question could be answered here. I'm looking to start a company (Europe) with a high payback rate (charging over 300% of my base cost including taxation) and the only thing I'm missing for a full launch is funding. I don't have many other options left so I'm down to angel investors.

What are your thoughts on starting a business with angel investors? What should I know? So far I have looked into gust.com and angel.co, perhaps someone can direct me to a more responsive website. What should I look out for and how do I boost my chances? My funding goal is approximately 160'000Euro and I could break-even and return investment in approximately 2 to 6 months.

> My funding goal is approximately 160'000Euro and I could break-even and return investment in approximately 2 to 6 months.

The way you have put it, it looks like you don't require angel investors. They do not work this way. What you need is a bank loan, which will not cut into your business ownership and at the same time you will get the required funds(with your claim of returning the money back in 2-6 months!)

Have you tried business loan with your local banks?

Ah, I understood that individuals or companies would invest and expect payback with additional 20-25% return payback. Banks are not an option for me, for such large amounts they require collateral and/or a very good credit rating, and I have neither. I have never taken a loan or done a similar business. Additionally, where I currently am and plan to open my business, isn't my home country, which doesn't help my chances for large loans. I'm currently in Iceland and have been here for almost 2 years, but that doesn't change much in banks eyes. I hoped for something like a short-term loan/investment and given my situation... presumably with a high-interest rate.

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