Ask HN: Where to find angel investors for funding below 100k?

Trying to develop a product but out of money.

Before you ask, yes I tried YC. Didn't get in. Not to knock yc in any way, but despite their name I consider them a (benevolent) VC firm. Their conditions and the recent spike in highly accomplished founders with competitive entries means that they sponsor companies that would get VC funding anyway.

I am aware the traditional sources of this kind of money is the three F's but I think tech community could also be an untapped resource.

Looking for true angels prepared to put up 25k to 100k for negotiable equity in a very early stage company. My needs are mundane, office space, utility bills, internet etc

I'm based in Lagos, Nigeria but I'm sure there are other would-be founders on HN in the same situation from other countries.

2 comments

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david927 9y ago ↗

You're right about YC. Have you tried Angel List (angel.co)? Unfortunately the bar is set pretty high in general. A lot of the time investors will expect a working product and evidence of a growing user base.

Further, you're going to have a hard time raising capital from anywhere outside the US, with the exception of a few cities like London and Berlin. It's a big problem and a big flaw in the funding model which, despite investing in new technologies, is itself antiquated and old-fashioned.

Let people on HN know what you're trying to do and how they can help and you might be surprised. In any case, good luck!

Lordarminius 9y ago ↗

Thank you david. I really appreciate your contribution and kind words