Best of Angel Groups
Fund: Band of Angels Management
Posted by henrythedog on 2010-10-26
I have passed the screening process with three Angel Groups. I have presented at the dinners and made it to due diligence with all of them. I am very familiar with the process. Although with each case I did not get the results I wanted, I view the experience as a victory. Nicola and Ian are very involved in the process. As they should be. You can always get them on the phone. They are able to give you valuable information. I found the organization of this group the best. You have to have a great amount of patience with any of these groups. Gaining and keeping momentum is key. The reality is if you cant sell the room or come in with a strong lead its difficult to close. I think having cocktails before the dinner is a great touch. You get to meet many of the investors before you present. No other angel group does this. They run a tight ship. Even though I could not get enough members to sustain momentum, I still talk to them for advice on a regular basis. They are still there to help. With the amount of companies they meet this has been incredibly helpful to me. I am still speaking with investors I met through the Band. If your candid and ask hard questions, you do get very quick responses. I found the whole experience pleasant. I walk away with no regrets. Having screened, pitched and gone to due diligence. Its the process that counts for me.
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