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Many angels do not require a business plan and other sources (such as customers) are even easier to get money from. Few angel investors will invest in a busines
by jot 16y ago
Many angels do not require a business plan and other sources (such as customers) are even easier to get money from. Few angel investors will invest in a business that has a plan and nothing else to show.
JFDI Britain is about taking the first steps. It's not focused on technology businesses. It's not about "build it and they will come". It's about getting on with creating something of value, making sure it is of value and making money from it. Once you have done that and can repeat it you have a business and you can chose to grow it however you like.
There are very few businesses that need a significant amount of cash to start but many that need it to grow.
JFDI is the proof.
- ColinHayhurst 16y agoActually, I beg to differ. Most angels do require business plans. The only exceptions I have seen are the really smart investors particularly in the tech space.