Asking funds and who is qualified to ask for

Usually an investor will answer you after he can see that:

a). you are registered as a company (or any legal entity), and therefore you are committed to your project in fact, not only as an intention to do something,

b). you have a good business master plan, which means that you already invested some resources and expertise, then did your homework and researched the market, for the SWOT (internal Strengths, Weaknesses of you, and external Opportunities and Threats that you will meet on the road),

c). you have a team (for example an engineer, an accountant, a lawyer, etc) which will support you - because NOONE will give money to a "solo dreamer" to spend it, all that you receive is for the running business expenses of the whole team involved into the project.

Is that enough ?

No, of course, because a lot of people around are just solo dreamers, wanting big checks for spending (by themselves alone), like searching for a rich employer to "hire" them, to have them as "CEO"-s of their own dream company, and so on.

This is not going to work this way, despite of how sweet and nice could you make a PowerPoint presentation about your project !

Ah, and don't forget:

d). if the investor, after 6-12 months from now, still see you active in the same project, you could have a lot more chances to hear you and look after what you've done and what steps you have made.

Because when asking for the funds, you must "talk the talk, and walk the walk".

For short, lazy people don't get funded.

Don't imagine that your sudden big need for money makes a complete stranger to suddenly become a best friend of you. No way.

Angel Investors

I will note something very interesting that could happen in this world of "angel investors", so please pay attention.

It starts with you - having a company, having some expertise on your own, having your staff of experts that helped you to make a business plan and a project, etc. So you already know that you just need XX or YY amount of money, for ZZ destination and expenses. Everything is clear and good.

Then comes some person saying that he represents some investors, asking your project plan (so they are easy gaining knowledge in this branch, know-how, everything, confidential data, market trends and data analysis - which is very costly to achieve, by the way, names and positions of the expert people involved, similar projects of you or of the others around, market positioning of your own project, sensitive details, highly competitive advantages that your team could have over its competition, and so on...)

Now, here comes the question: how do you protect your project against the economic espionage ? From the bad guys, just wanting to learn your secrets,