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How To Work With Angel Groups - A Series

Published: 9/11/2007 7:59:10 AM

As part of a series on pursuing funding sources with angel groups, the next stop on the way to a successful financing is when the angel group has received your initial information and invites you to a short, in-person meeting.

Usually this meeting is set up to have you provide a 5 or 10 minute pitch about your offering and the remainder of the time is spent with various angel asking you broad-scope questions about you and other company management, the product or service status, the market, your proposed milestones with the financing amount and other topics.  Expect a very intense "grilling" at this meeting, since the group is looking for any signs that you aren't ready to present to the entire angel group at their next meeting.  I suggest being extremely well-prepared for this opportunity, bringing your business partners along to add their comments to yours.

Based on this meeting, you will either be asked to formally present to the angel group or not.  In a few cases, if it was a close call, you may be put in the queue for next month's process, and if you keep in touch with the angel group throughout that time and avoid letting the concept "stale out" in the group's mind, you may get the opportunity next time.

Don Jones

VentureDeal

 

Don Jones
CEO, VentureDeal

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