Best Seed Stage Option in the Midwest.
Fund: Hyde Park Angels
Posted by brewers on 2010-07-25
HPA led our seed round. The diligence process is different than the diligence process of a fund. They are more into the details of the business model and less into social proof.
In the midwest they are by far the smartest and most active seed-stage investor.
Only a few members of the group are typical internet entrepreneurs. However, many are successful entrepreneurs from other contexts (particularly financial services) or otherwise impressive and well-connected folks.
They really like to help. It can seem a little overwhelming at first, but ultimately is useful.
They like to see traction, either some customers or visitors to the website. I don't think you would have any luck pitching them on an idea and a business plan.
PRIVATE: Members Only (826 Characters)