Stan,

I've been involved with and pitched to VC's and Angel's. The following article talks a bit about the differences.

[Link: rockiesventureclub.org]

After reading that, are you still looking for a VC, or an Angel? Either way, does your business plan show how they exit in 5 years with 10x their investment?

I think Dean Roddey's comments about what a VC or Angel are looking for is pretty spot on. If you need capital to start a business, you are much better off looking for a SBA loan or business loan through a bank. It's not uncommon to bootstrap finance a new business through loans from friends, family, and credit cards.

So a good business plan is only a start. You can have a great business plan, and get zero interest from VC's or Angel's, because your plan just doesn't support the model where they get their investment return.