We have a "angel investor" interested in our project, however he wants 65% is that standard?

[mistercasino]

I recently completed my MBA degree and this is a question that keeps coming up. There is a formula that an Angel Investor will use to calculate how much ownership they will want. As another person mentioned, this will be determined by the perceived risk of the business, as well as the expected profit.

You may be willing to give up a higher percentage of the business if the investor gets you the money you need when you need it.

You can also look at it from a layman's point of view:
Would you rather have 35% ownership of a successful business, or 100% ownership of one that failed?

Sometimes enough positive cash flow (in the form of an Angel Investor) will get your business up and running. Then you can focus on the business/technical end of the project, rather than dividing your time focusing on finance and finding ways to raise more capital.