Do angel investors invest in companies that have just an idea?
ByTim Berry•
Opinions expressed by Entrepreneur contributors are their own.
I have a great business idea for a company but we are not legally registered yet. Do angel investors help you out with the legal fees, and starting you up completely?Not likely; you'd have to have a team together and committed, plus a solid business plan. You'd also have to have a convincing argument that all it takes is investors' money for this idea to become a successful business and be able to defend the position that it will generate a return for the investor on the investor's money.
An idea is worth next to nothing without a team to implement. You can't legally own an idea. So you have to build the business on top of it to give it value.
Here's some recommended reading:
I Had That Idea Years Ago
Do You Have An Invention?
Your Idea Has No Value
The Real Truth About Selling Your Invention
Idea or Implementation
Ideas are Easy, Doing Stuff is Hard
