I co-founded a startup that has a product belonging in the social media space and will launch a public beta in two weeks. We are located in the Philippines but we are targeting US/UK users.
I am looking for angel investment and I believe that a US-based angel investor is exponentially better for both sides. The development and running costs are cheaper without any significant penalties in execution. Risk is reduced on both sides. The question is, Is this possible? Did this kind of arrangement happened before?