Within the past week I have learned about two new programs to help entrepreneurs raise funding from individual or angel investors.
Will entrepreneurs successfully raise money with them? Yes.
Will they work for you? Probably not.
Let me explain.
It is every entrepreneur's dream to submit a business plan online and have investors magically appear and write them big funding checks.
But unfortunately, this is just a dream. It is NOT how investing work. Sure, it works sometimes, and perhaps one out of every thousand entrepreneurs who tries is able to find investors this way. But I'm not willing to bet on 0.1% odds.
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Author: Dave Lavinsky
