Angel Investment Network

[Fargo]

Anyone had dealings with them? Success story or scammy?
Before I commit to £150 a month.
Cheers
Daz

UK Angel Investment Network - Business Angels, Entrepreneurs & Angel Investors

The UK Angel Investment Network connects business entrepreneurs with Angel Investors. Find an Investor for your business, or access a network of investment opportunities.

www.angelinvestmentnetwork.co.uk

 

[ctrlbrk]

Before I commit to £150 a month.

Is that £150 a month for you to be connected to investors?

 

[Paul Norman]

It is not a scam.

But it is expensive. Whether it is good value will depend on the scale of investment you are seeking, and on your own appetite for the cost.

What they will do, initially, is give you a bit of an insight into what you need to do to make your business seem investment ready. Of course, you may already be up to speed with that.

There are some things I would do first, though. One of which is have a real soul search as to whether this is the best route forward for my business - maybe chat to a business advisor on that score.
Some considerations might include:

1. Do you need funds, or skills, or mentoring, or some combo of all three. Or none of these!
2. Are there other ways of achieving this
3. How much control or equity of your business are you willing to offer up
4. Is this need driven by expansion, or a temporary working capital log jam

I apologise if you are already in front of me on these suggestions!

 

[Mark T Jones]

First step, I'd go back and re-read what @Paul Norman has written.

It is neither a guarantee of success nor a scam, its a platform where both investors and sharks hang out.

Probably the quickest/easiest way to decide which is which is to listen to the questions they ask. An investor will ask tough, challenging questions - they will probably make you feel slightly uncomfortable about your proposition, whilst a shark will tell you what you want to hear in order to part you from your money.

Sharks will be drawn to crappy, glossy 'sales prospectus' type proposals. Investors want something that is researched, fact based and business like

 

[Fargo]

Great help guys, thanks. Still haven’t seen anyone show me that it’s not a scam mind. Just telling me doesn’t count.
Anyone have first hand experience of receiving investment through the site?

 

[ctrlbrk]

Anyone have first hand experience of receiving investment through the site?

I will tell you what a good investment sounds like.

Making a tinder-like website for investors and wannabe entrepreneurs and charge the lot 150 quid a month for it!

 

[Mark T Jones]

Great help guys, thanks. Still haven’t seen anyone show me that it’s not a scam mind. Just telling me doesn’t count.
Anyone have first hand experience of receiving investment through the site?

Don't shoot the messenger.

It absolutely ? % isn't a scam but yhere are scammers on it.

Yes, I do know people who have successfully raised investment from it

And others who have been Scammed

 

[Fargo]

I will tell you what a good investment sounds like.

Making a tinder-like website for investors and wannabe entrepreneurs and charge the lot 150 quid a month for it!

This is exactly what I mean.

Like buying, how to get rich quick, books.

 

[fisicx]

I know two people who tried and failed. They failed because 1. their pitch was awful and 2. they didn’t have something worth investing in.

 

[The Byre]

@Fargo - why not describe your investment opportunity here? We can tell you pretty quickly if it is investable or not.

I get pitches fairly often and they fall into three categories -

1. (And this is the largest category by a wide margin - at least nine-tenths of them - may be more!) The bloody hopeless and daft! These are the websites, apps, films, coffee shops and similar harebrained stuff. I've had the lot, including a musical about a drug addict who in the end kills himself. Also in this lot are the non-scaleable and unresearched and untried.

2. A good and solid proposal, but not for us as it lies outside our competence and without any symbiotic relationship to what we do. But it's a great proposal and most of the time, they have no difficulty finding like-minded investors.

3. Once in a blue moon, someone comes along with something that fits us like a fist in the eye. There are books of sales to prove viability and customers waiting to de-trouser their pieces-of-eight and the protagonist wants to take their business to the same place that we think it should go.

 

[Chris Ashdown]

Was getting investment always in your plan or just came up due to a piss poor business plan that has left you in a desperate state

If the first than why have you waited so long to consider getting investors

If its the second then you really need to consider why you need a investor and what you are offering to change the situation around with the investor's money or help

Many people on this forum have thought that investors will change the company into a runner, where in reality investors are not looking to change a failure but rather back a winning formula with a good track record

Regarding your question, this forum would be a better bet to get investors and also free

 

[tigawoods]

I will never pay money to find or join a network of angel investors. There are many ways and platforms to meet angel investors for free.

 

[John Hemming]

Lots of good advice in this thread although normally to make contact with serious funds for investment will have some cost to it.

@TheByre's suggestion is probably the most useful. Tell us what the deal is you are offering and for what and we can indicate our views.

 

[fisicx]

I will never pay money to find or join a network of angel investors. There are many ways and platforms to meet angel investors for free.

For example?

 

[Paul Norman]

Picking up on a couple of the points above, I rather agree with the idea of giving the details of the offering here, and then we might give detailed responses on what options are available.

Who knows - if the deal is good there might be people on here who have, in the past, made investments in other people's businesses - including myself, although I am not really in that space right now.