Many people ask me where they can get money to fund their businesses. I always tell them that the first money comes from the 4 F’s – Founders, Friends Family and Fools. Everyone wants an angel to help them to fund their business. My guest today is one of the leaders of the angel movement in America for the last 20 years.
On the radio today, I talk with John May has started four separate angel groups- the Dinner Club, eMedia Club, Washington Dinner Club and most recently, Active Angels. He also co-founded the Investors’ Circle, a national non-profit group of 125 family and institutional investors working to grow the social venture capital industry. John is the former chairman of the Angel Capital Association. He is co-author of two books, Every Business Needs an Angel (Crown Business: 2001), and State of the Art: An Executive Briefing on Cutting-Edge Practices in American Angel Investing (Darden Publishing: 2003).
We talk about:
What is the difference between a rich person and an angel?
What is the right time to look for funding? What are the milestones you need to achieve?
What is the financing landscape like out there now in the recession?
