I am trying to raise a small round $300k to 500k at maybe 1.2M to 2M for our house cleaning marketplace startup doing $100K gross monthly, 2x from last year. What is the best way to reach out to angel investors and or family offices? I think the round is too small for VCs, but would like to get Angels into it. Any ideas on finding Angel investors? Should I buy a list and hit the phones? Let me know thoughts and tips. Thank you.
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You say you are doing 100k gross per month and that you have been in business now for at least two years?
If you are generating that kind of cash flow are you margins horrible? You should easily be able to find capital between freind s and family if you are creating that kind of revenue.
You said “at maybe a 1.2M to 2M” is that the valuation you are wanting to raise 300-500k on?
You should know exactly how much you want to raise not a variable of a number.
Please clarify this more and I can help you with further advice. Valuation of the raise, how much you want to raise, being in revenue and many other factors completely change what type of investor you should pursue, if you even need to pursue and investor at all.
Thanks for the input. $100K is gross revenue. Margins are like 21.5% after stripe fees.
Yes well we plan on giving away 20% at this stage. So 300K is minimum we need to raise which would be at 1.2M pre-money, 500K would give us flexibility to add more cities for expansion. I’d love advice at this stage too.