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Rough Portfolio, but Decent Guys

Fund: Cherrystone Angel Group

Posted by philipph81 on 2010-05-27

PUBLIC:

Met with the chair of the group. Extremely nice guy. Explained the process was pitch in front of the group, 30 days to evaluation, 30 days of diligence, decision (each member decides after hearing from the deal "champion"). I echo that it probably is a rough, drawn out, perhaps slightly disorganized diligence run, as each member has to become comfortable with investing and will invariably have different "asks." Nice enough guys, but have been burned by their former investments it seems.

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