One litmus test that hasn't failed wrt angels is: how complicated are they trying to make this? Angel investing is not a time in your company's history for any

One litmus test that hasn't failed wrt angels is: how complicated are they trying to make this? Angel investing is not a time in your company's history for anything more than dead simple, fair terms, and quick turnaround. Avoid cute and fancy. Yes, make connections and pitch to people all over. You'll find different perspectives in SF, NYC, and NC, etc. In my experience angels in SF have the largest appetite for higher valuations but also a larger appetite for larger outcomes which means larger plays/markets. YMMV. Terms: keep it simple. There are a few people that I've heard say 'priced' but the more popular choice in my circles is convertible.