Post: #1

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If you are interested in working for startups and tech companies (or raising angel investment for your own startup) then you need to get on Angel List pronto.

In the 3-4 months that I've been on Angel List I've received more interview offers from reputable (or at least interesting) firms and startups than I've received in the past 12-18 months on Linkedin.

If I wasn't in Asia and already doing my own startup I would have seriously considered taking some of these opportunities.

It's a new professional network for a new age of leaner companies.

Check it out!

Post: #2

How populated is it? Is it one of those soon to be popping sites or is it already alive. I messed around with it a few weeks ago.

Post: #3

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This is a great article about using Angellist:

https://www.quora.com/Brendan-Baker/Post...n-10-Steps


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Post: #4

(12-04-2014 08:05 PM)Black Quixote Wrote:  How populated is it? Is it one of those soon to be popping sites or is it already alive. I messed around with it a few weeks ago.

It's been around since 2011 or possibly earlier, I"m not sure.

This thing is a movement, man. Tons of companies are getting funded through this thing and I've been getting tons of interview offers.

Post: #5

It looks like a good idea, but I'm nervous about giving out too much information. I understand investors are going to want to know everything, but is there a way to list the basics? Just asking since I've never sought funding for my company before, other than VISA.

Post: #6

(12-05-2014 01:25 AM)ColSpanker Wrote:  It looks like a good idea, but I'm nervous about giving out too much information. I understand investors are going to want to know everything, but is there a way to list the basics? Just asking since I've never sought funding for my company before, other than VISA.

Are you talking about trying to raise capital on Angel List?

I'm less familiar with this process (specific to Angel List) but it's clearly happening.

If you're nervous about this then don't post your personal information out there. Build a prototype that works that users love and then raising capital will be that much easier. The cash will come to you.

I don't mean that in some hippie "follow your passions" kind of way.

Private angels and also seed-stage institutional capital are actively looking for good deals all day long. They wake up wanting to invest in great things, not reject your idea.

At some point though, you're going to have to disclose some amount of information about yourself.

A good rule of thumb is to not put anything into your personal or company profile on AL that you wouldn't be comfortable putting on Linkedin or your company's "About Us" page.

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Post: #7

I spent about an hour last night trying to build a company profile on Angel List and finally gave it up for another day. The whole stock valuation thing had me dizzy after awhile. I can see why lawyers make the $$$ to do this kind of work. I may go back and try again, but not until I know exactly what I'm doing. As it stands, I could sell 20% of my company' stock, just not ready to do it.
As for prototypes, I have one now. I've sent samples to 6 different companies and one is evaluating it right now. It's got the potential to be big, which is why I filed a preliminary patent. But "potential" is not something you can put in the bank.

Post: #8

(12-05-2014 08:25 AM)ColSpanker Wrote:  I spent about an hour last night trying to build a company profile on Angel List and finally gave it up for another day. The whole stock valuation thing had me dizzy after awhile. I can see why lawyers make the $$$ to do this kind of work. I may go back and try again, but not until I know exactly what I'm doing. As it stands, I could sell 20% of my company' stock, just not ready to do it.
As for prototypes, I have one now. I've sent samples to 6 different companies and one is evaluating it right now. It's got the potential to be big, which is why I filed a preliminary patent. But "potential" is not something you can put in the bank.

If you want to get a better grip on how this stuff works I'd suggest you check out "Venture Deals"

This ycombinator lecture about raising capital is also incredibly useful. The second two presentations within this video are particularly valuable, especially the mock VC pitch.


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Post: #9

Just bought the book you mentioned. I will look at the lecture over the weekend.