Business owners often report that company finance of €10,000 to €250,000 can be very difficult to obtain - even from traditional sources such as banks and venture capitalists. Banks generally require security and most venture capital firms are not interested in financing such small amounts. In these circumstances, companies often have to turn to "Business Angels". Business angels are wealthy, entrepreneurial individuals who provide capital in return for a proportion of the company equity. They take a high personal risk in the expectation of owning part of a growing and successful business. Good business angels will not only introduce you to private investors but importantly should have excellent connections with relevant funds. When searching out a suitable business angel it is worthwhile to investigate their track record in closing deals in your specific technology sector. The majority of business angels will introduce companies to private investors who, unlike the venture capitalist, may not have the ability to support a second round of funding or to deal with unexpected complications along the way. Not only does this limit the ability of the company to grow but it can create significant confidence problems for new investors when the current ones refuse to participate. Be aware that over enthusiastic amateur private investors can be willing to jump in to a hyped up company and end up paying at too high a valuation.