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How To Deal With Angel Groups

Published: 8/30/2007 2:07:12 PM

This is the third installment of the series How to Deal With Angel Groups and it's about the process, specifically what happens after you send your summary or plan to the group.

At this point, you're waiting to hear back from the the angel group which is evaluating your concept.  Most likely, the group is emailing the information to various members on a selection committee and depending on the group's organization, they may have a rating system they apply to your plan.

The rating system would include things like: quality of management, status of product or service development, market size, scalability, technology, funding amount required and valuation expectations, if any.

Once the group has brought together its opinion of your opportunity, you'll be notified if they have further interest and would like to set up an initial screening meeting.  If the group asks for further information, that's usually a good sign - by all means furnish the information requested.

The next post will be about the initial, in-person screening meeting.

Don Jones

VentureDeal

 

Don Jones
CEO, VentureDeal

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