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Part that seems strange to me is that he claims to be looking for angel capital after he made a sucessfull million dollar+ exit.
Angel capital is small ($50K?) so he should be able to spare that money and after a +$1million exit I'm sure he could find someone to finance him, I just don't understand why he's so eager to give out equity for a little cash.
Looks like someone that made up a story to use as credentials to collect money, he's probably broke and wants to try some ideas.
other than that the story seems completly plausible, it's the internet, you don't need to hire a full team or invest a lot to go huge.
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