1. Avoid believing "specialness" of angels as a category of investors

2. Understand the true alternatives, such as banks and bootstrapping

3. Develop an accurate profile of angel investors

4. Understand what angels are looking for no need to be next Google

5. Have a realistic sense when one can get angel money

6. Be aware that raising money as a process is typically haphazard

7. Understand what you can get out of angels

8. Not all angels are the same a small minority can provide more than just the money

1. Have realistic earning expectations

2. Ask yourself why you want to make angel investment

3. Have realistic expectations of what you will get in return

4. It's not difficult to become an angel investor

5. Remember the angel groups

6. Be selective and focus

Treat angels with less awe

Don't believe the added value

Angel goals are not completely aligned with VC goals

1. Remember that the angel market is small

2. Remember the differences WITHIN angel market

3. Carefully assess the reasons to intervene

Motivate to invest in angel groups

There are few exceptions

Naive

Knowledgeable

Passive

Active

Early stage

Later stage

Small

Large

Median 10,000 USD

Debt

Equity

High

Low