[kjksf]

This is not the kind of business that angel investors are interested in.

An investor (be it an angel or, at a later stage, a VC fund) is interested in an exit at some point.

There's just no way a simple utility like VirtualHostX will ever generate profits that would warrant an exit event (which are limited to a sale to someone else or an IPO).

If there's no exit event, an investor doesn't get his money back. He might own a chunk of profitable business but it's paper money.

[larrys]

"Angel investors" and "angel investors in the valley" are not necessarily the same thing. Also the idea was not to invest in the particular product but in the entrepreneur and his capabilities.

[tylerhall]

I've had two offers from companies wanting to buy out VirtualHostX. Unfortunately (or perhaps fortunately), neither company made compelling arguments for me to give up steady, stable income.