Recently a business broker who has facilitated over 850 transaction, those of his own and those of folks who have worked under his management said: “In all of my 26 years of selling businesses, I have never seen private investors, particularly friends, come to the table.” Perhaps this is an exaggeration but can it happen?
A buyer working to find money has had three ‘friend’ investors but really they did not want to leave their job, take their carefully saved money, and join him in his dream. Obviously some have made it work or we would not have the partnerships we do.
We hear these days about angel investors and today I found the following article online, one that gives what I understand to be good definition of angels.
Perhaps you have resources or seen transactions to be used with the small business?