How many angel investors you would be willing to talk to?
Jeff Bezos raised 1mln$ seed capital for Amazon in 1995. He offered 20% of the company (5mln$ total valuation). He arranged 60 meetings to get 22 angels who said "yes". Therefore 40 people he talked to said "no". As a result, he sold 20% of Amazon for 1 mln$ to these 22 angel investors (+/-50k$ per angel). Jeff Bezos says: “It was the hardest thing I’ve ever done”. How many angel investors you would be willing to talk to? How many of them you would convince?