Has anybody tried approaching angel investors with only on-paper-idea? What was their reaction?

#1

Post by dummypointer » Wed, Apr 25, 2007, 10:10 PM UTC

No post body was provided.

Re: Has anybody tried approaching angel investors with only on-paper-idea? What was their reaction?

#2

Post by kyro » Wed, Apr 25, 2007, 10:30 PM UTC

Good question.

Re: Has anybody tried approaching angel investors with only on-paper-idea? What was their reaction?

#3

Post by jmtame » Wed, Apr 25, 2007, 10:59 PM UTC

Based on my experience, they would probably be no more interested in hearing your ideas than watching paint dry on a wall.

Ideas are worthless. You need to develop something to show someone you're passionate about it. I've tried to pitch ideas on paper (or on a PPT presentation), and you'll never get anywhere. That's one of the most important things I learned, see #3 in my article I wrote here: http://jtame05.wordpress.com/2007/03/10/5-tips-for-students-seeking-vc-funding/

Re: Has anybody tried approaching angel investors with only on-paper-idea? What was their reaction?

#4

Post by dummypointer » Wed, Apr 25, 2007, 11:08 PM UTC

jmtame wrote: post #3

Based on my experience, they would probably be no more interested in hearing your ideas than watching paint dry on a wall. Ideas are worthless. You need to develop something to show someone you're passionate about it. I've tried to pitch ideas on paper (or on a PPT presentation), and you'll never get anywhere. That's one of the most important things I learned, see #3 in my article I wrote here: http://jtame05.wordpre…

Nice article ! Thanks for the pointer.

Re: Has anybody tried approaching angel investors with only on-paper-idea? What was their reaction?

#5

Post by jmtame » Wed, Apr 25, 2007, 11:25 PM UTC

dummypointer wrote: post #4

jmtame wrote: post #3

Based on my experience, they would probably be no more interested in hearing your ideas than watching paint dry on a wall. Ideas are worthless. You need to develop something to show someone you're passionate about it. I've tried to pitch ideas on paper (or on a PPT presentation), and you'll never get anywhere. That's one of the most important things I learned, see #3 in my article I wrote here: http://jtame05.wordpre…

Nice article ! Thanks for the pointer.

I try to write for the college student, feel free to search for "tips" I've got several others.