Just wanted to provide more details on what innonate said, I do bizdev for Angelsoft on the west coast and in the north east (Boston).
For 2 years now, my life has consisted of selling and training angel group managers and fund managers on how to use Angelsoft to manage their dealflow, screen deals, and do due diligence.
As for what babyshake said,yes, many investors operate as "loan wolves" and might not even identify themselves as "angels". To make our vision possible, the best approach to attract investors in mass was focusing on "angel networks" or "angel groups", where a group of investors would band together to spread risk and get better deal flow.
These groups are typically non profit, and don't have much infrastructure, so they were in dire need of a tool like Angelsoft, and very willing to work closely with us to come up with something for their needs.
The benefits of using Angelsoft for this groups range from having one central location for all of their data, to being able to syndicate deals across all the groups on the platform.
Now that almost all these groups are on Angelsoft and I'm starting to focus more on VCs, Jason has been working on ways to make this platform even more useful to entrepreneurs.
If you've got any further questions about Angels, don't hesitate to ask!
VCs pay (because they are for-profit entities with operating budgets that are funded by management fees), angel groups don't pay (because they are typically non-profit, or informal, associations of individuals).
Individual angels don't pay (they get it through their groups), and entrepreneurs don't pay to submit to individual angel groups or to use the site's funding management tools.
The only time entrepreneurs pay is if they decide they want to broaden their funding search by making their plan available to all 450+ groups at the same time, instead of applying to a targeted few individually.
For 2 years now, my life has consisted of selling and training angel group managers and fund managers on how to use Angelsoft to manage their dealflow, screen deals, and do due diligence.
As for what babyshake said,yes, many investors operate as "loan wolves" and might not even identify themselves as "angels". To make our vision possible, the best approach to attract investors in mass was focusing on "angel networks" or "angel groups", where a group of investors would band together to spread risk and get better deal flow.
These groups are typically non profit, and don't have much infrastructure, so they were in dire need of a tool like Angelsoft, and very willing to work closely with us to come up with something for their needs.
The benefits of using Angelsoft for this groups range from having one central location for all of their data, to being able to syndicate deals across all the groups on the platform.
Now that almost all these groups are on Angelsoft and I'm starting to focus more on VCs, Jason has been working on ways to make this platform even more useful to entrepreneurs.
If you've got any further questions about Angels, don't hesitate to ask!