I have a few Angel investors, and a meeting next week with serveral VCs (brought to the table by the primary Angel), and I am trying to put together the equity sale package to present to everyone (VCs and Angels).
The Angels have agreed to put money in (i.e-a % of the cash need), but no agreement has been set yet on how much equity it will buy them. Here are some details:
Product: Software Platform (Saas) Cash Need: 1.4M
I have a business plan, and vetted proformas that show a very promising EBITDA.
Question: How much equity is each dollar given at this early stage worth? Or maybe a better question is: How much equity are the Angels likely to expect for each dollar given at this stage???
I have no more money to put in, a prototype has been built(wireframe), and to take it to market and code the platform, I will have to have the investment.
Thank you so much for your advice!