A STARTUP is a business or undertaking that has recently begun operation.
Though there are no hard and fast rules, coworking spaces and hoodie-wearing employees are the pillars of a startup.
Although startups often adapt technology to solve problems and the ubiquity of that technology allows the critical growth, they do not, by definition, have to be tech-oriented.
A startup is when you are generating revenues below $20 million, have less than 80 employees, and remain resolutely in control of the company you started. Likewise, if you’ve just set up a tiny for-profit enterprise and are intent on it becoming big enough to take over the world.
Read more about successful startups
What are business angels?
Business angels are affluent and wealthy individuals who invest their personal capital in start-up companies in return for an equity stake.
But they are not the only one that provide your business with capital. You could add: Crowdfunding via equity-based sites such as Crowdcube, Seedrs, and Bank to the Future. Venture Capital firms invest through managed funds, which are raised with public or private money and they are bound by administrative restraints and a need to see a profitable return quickly.
So it’s important to think about exactly what you’re hoping to achieve from any investment, before choosing what type of angel investor is right for your business.
You can find angel investors here:
The UK Business Angels Association
Angel Co Fund
