A good angel investor provides business assistance in many ways:
- They will provide the money you need to set up or grow your business.
- They might take a seat on your board of directors and play an active role in the day-to-day management of your business.
- They’re usually current or former business owners themselves, so can offer advice on business management and strategy.
- They often have a large network of contacts they can introduce you to - more angels, potential partners, suppliers, employees, etc.
- They can help your expand your client base by promoting your business to colleagues and friends.