Question
I am a startup founder with 5 customers (50K revenue in 5 months) for a a B2B SAAS product.
We will add another 3-4 customers in another month. I want to raise a super angel round for 700K.
I have no idea how to go about it. What should I do?
Answer
Im an investor and advisor. As many people as you ask, you will get different answers. The best and most successful way to raise capital is to start with people you know, aka friends and family. If friends and family are insufficient as they often are, then you need to find angels. If you dont know anyone, network. They arent hard to find. It might be a good idea to find a few prominent local people to serve as advisors and get their help in raising money. The worst part about raising money is that it almost always deflects from running the business. If you want to discuss this further, Im available.
