2.0
2.0 
2.0 
1.0 
2.0 Worth the Effort
Fund: Pasadena Angels
Posted by Anonymous on 2010-12-10
I had a chance to get into one of their pre-screening sessions, in which a short 10 min pitch was made by a number of companies, and I was allowed to stay in the room during the discussions. Team, story, market size, competition etc were discussed in a rapid, to the point, 5-10 min discussion. Some were selected to come for the pitch to all members. I found the opinions expressed to be sharp and insightful, and all the companies were given feedback, even though some were told bluntly that what they presented did was not convincing, and some were told to come back if they solve some issues. Smart people. I had the feeling they may be a bit risk adverse as I noticed in one of the comments, but there is diversity in the group, since all are independent investors, and I understand there have been cases where even one of them decided to solely invest since he believed it was worthwhile, regardless the opinion of others. I would say they are worth pitching to. I did not find them arrogant or hard to approach, while in the same time they clearly can provide feedback which is helpful. Questions asked however were clear to the point, and I know that some of them would have hurt me as an entrepreneur because I did not have a good answer, I almost felt unfair to be asked that...
PRIVATE: Members Only