Two Thirds of Small Businesses Prioritise Investor’s Advice over Finance

A quarter of small businesses who successfully obtain finance get refused investor’s advice A new survey by Angel’s Den revealed that 64% of small businesses prioritised mentoring over cash when seeking investment for their company. The research, which was conducted with 613 small business owners, found that the majority wanted both, with 76% of small businesses pursuing finance with mentoring and business advice, but only 12% stating that they were looking for money alone. The report also found that of the 80% of small firms that requested advice from their investors, 26% were refused and 34% only received “minimal or very brief advice and mentoring”. The survey highlighted that business investment is moving away from the traditional finance-alone funding but that investors were failing t... »