Angel Financing--Local /Industry Business Tycoons may be Angels (Part V)

Rule 5: Look for Business Sales, Retirements, Home Runs to Find Angels.

Compile a list of the top 25-50 business sales where founders made big bucks; include the names of founders and others who cashed out. Are these folks around, do they have any interest whatsoever in investing, and who do you know that knows them?

Even if these folks are not amenable to investing, they may be willing to mentor you and/or lead you to others who will invest.

Likewise, are there senior executives in your industry who have retired or hit major home runs (promotions, landed huge deals)? Again, are they worth pursuing and who do you know that knows them?