WorkSnug secures funding
A week ago I was one of nine angel investors to invest in WorkSnug, an app that helps you identify good work places when you are mobile – and a lot more to come. TechCrunch have written an article on WorkSnug which can be found here.
There was an interesting comment on the TechCrunch article from someone questioning why 9 angels would invest a total of only £110K in a business, this being on average only £12.2K each. The answer is simple – Richard Leyland who is the founder is a very impressive individual who has done very well with the business already, gaining revenue virtually from launch. My view on any investment is it is 50% team, 25% idea & 25% revenue plan – WorkSnug fills all 3 aspects excellently and I was keen to be involved even if the amount available to invest was not huge. There are never guarantees of success in any start-up business, but WorkSnug has the right ingredients and I am happy to be a small part today of what I believe has every chance of being a flourishing and much larger business tomorrow.
Posted on April 12, 2011, in Angel Investing, Entrepreneurship, J Ranger Investments, Start-Ups and tagged Angel Investor, Entrepreneur, Raising finance, Start-ups. Bookmark the permalink. Leave a comment.