Ty Danco, an angel investor I had the pleasure of working with on a 9-angel syndication deal, just co-authord a great article on securing funding from angels with Dharmesh Shah of OnStartups.
Here is the list in short form…
- The Fundamentals Still Apply As Time Goes By
- There’s a great primer already
- Talk to People Who Have Had Success
- Get a champion first
- Don’t wait too late in your rounds fund raise before you apply
- Before launching on AL, mentally assemble your dream team of investors
- Research the network, and target your angels
- Get Personalized Intros
- Spend a few calories (and maybe dollars) a good name
- A video is worth 1,000 slides
- Get your website right first
- Remember Inbound Marketing, baby!
- Advisors are huge
- Clearly list your price
- Use a standard termsheet
- Be ready to pitch on short notice via videoconferencing
- Think one round ahead
- Use the AngelList team
- Know how investors will use AngelList
- Get your backers to register on AL
- Don’t game the system
- The best thing you can do is get traction
Get all the great details from the full post here.
