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How To Deal With Angel Groups - A Series

Published: 8/15/2007 10:39:35 AM

I'm starting a new series that should provide some insight on how angel groups operate and how entrepreneurs can best deal with the process of contacting them and going through the evaluation process.

The first part of the process is the Approach.

There are a few ways to approach an angel group - one is by being "sponsored" by a member of the group.  This usually means that you've developed a relationship with a member and shared the business opportunity with him or her and they bring you into the angel group evaluation process by stating "I'm going to invest in this company and I think it is a great opportunity to invest."  Obviously this is the warmest introduction you can get.

The next warmest introduction is through an attorney, accountant, consultant or other person who puts you in touch with someone at the angel group who then helps you through the process.

The last way is "over the transom," where you contact the group yourself directly by phone, email an executive summary or go through the angel group's online registration system.  Even though this approach is not via an introduction, you shouldn't downplay this opportunity.  Angel groups are very active and are looking for quality opportunities wherever they may be.

Don Jones

VentureDeal

 

Don Jones
CEO, VentureDeal

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