Things You'll Need
- Business name
- Website developer
- Prototype of company's product
- Marketing plan
1. Incorporate your business by filing Articles of Incorporation with the secretary or department of state in your state. Angel investors share in a company's ownership. These equity positions require the existence of corporate stock.
2. Assemble an experienced management team. Seed funding angel investors are more interested in a company's leaders than the business concept. Attracting capital requires managers who understand how to efficiently use the seed funding provided by angel investors.
3. Launch a company website. You can hire someone else to put the website online, but you should provide the content and layout that shows angel investors your company's style.
4. Create a working prototype of your product. After an entrepreneur develops a plan or design, a tangible prototype is needed to attract angel investors.
5. Complete at least one sale. This is referred to as validating the company's business model. It provides an opportunity to reveal the utility of a product by getting a customer response.
6. Compose a one- or two-page summary of your company. This provides investors with a general description of the company's product, managers and marketing plan. Make it brief and compelling to make seed funding investors want more information.
7. Write a business plan that details the company's strategies. Describe the spending plan for the seed funding. Provide a comprehensive description of the company's market, competitors, intended sales efforts and financial projections.