At a recent Meet the Angels event in Atlanta, the panelists made sure entrepreneurs knew that angels “should be a last resort”. While this was shocking for the entrepreneurs, the panelist described working with Angels is “expensive and onerous” and suggest that if you can avoid it, you should. So what’s an entrepreneur to do?

The panel suggests that you bootstrap your company so you can concentrate on solving the problem your business targets rather than working to raise capital for your company.

It almost goes without saying, but Angels are scrutinizing every deal much closer than only six to nine months ago due to investor exits flatlining because of the credit market paralysis.

Source: Atlanta Business Chronicle

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