Why is it so hard to find an angel investor and what are you doing that makes it harder?
In this reddit asks Q&A, Phil McSweeney (angel investor with 40+ investments, mentor/coach to startups, author) answers the questions founders actually ask when they’re trying to raise: where to find angels, when to pitch, how to spot a bad investor, how to think about equity, and what a pitch deck is really for.
This isn’t theory. It’s what happens after you’ve seen hundreds/thousands of pitches and you’re tired of founders wasting everyone’s time.
In this episode:
• Why angels are hard to find (and why they don’t advertise themselves)
• Should you tailor your pitch for US investors or focus locally first?
• The “best pitch deck format” myth and how to stand out without being boring.
• When you should approach investors (hint: traction beats vibes)
• How to vet an angel investor (equity grabs + control issues)
• What to do after a failed pitch (feedback, accelerators, and persistence)
• Can you raise with just an idea? (the brutal reality unless you’ve got a track record)
• How to tell if investors are interested on a call.
• What a pitch deck actually is: a movie trailer, not the full story.
• Rule-of-thumb equity: how to avoid a messy cap table and stay in control.