We have an idea for a website. I am a software developer, but I don't want to spend all my time creating this site that won't sell or be marketable or popular whatsoever, and make us no money.
Would it be a smart thing to do to take my idea and present it to an angel investor for some capital and guidance?
Basically with this capital AND guidance, we would setup the LLC and pay for legal fees in doing so, market the product, and probably pay someone with a lot more technical talent than me to develop it. I'm hoping we would be able to still have control of the company in ownership % as well.
Why or why would I not do this? If so, how would I go about finding an Angel Investor and presenting him/her with my idea? Also, can I protect my idea by just having them sign something before our conversation?