Cameron Thompson is one of the heads at Angels Den, a website set up to help aspiring entrepreneurs meet up with keen business investors. The website, as described by Cameron, acts in a similar manner to a dating agency, helping two people come together in order to set up a business and market a product.
Cameron took time out of his schedule working at Angels Den today to give a lecture at the University of Bolton, which I attended.
The lecture focussed heavily on how to go about setting up your own business, with some fantastic advice given on how to deal with potential investors and what paths to take financially. Cameron spoke about Angel Investors and what appeals to them, suggesting that students research any potential investors backgrounds and studying their likes / dislikes before meeting up.
More advice was given on what to do when pitching an idea to investors, being told to always speak about the truth and to talk in a manner investors can understand- not being too technical. The 'touchy feely' parts of a business proposal were also discussed, with Cameron speaking about several items investors usually enquire about and why such questions are asked (for example; where you live, if you have any family, et cetera.)
I felt the lecture today consisted of lots of useful advice and quite a few items of interest (such as how to speak to potential investors) I should keep in mind for use in future endeavours.
