SHOULD ANGELS ADOPT THE INVESTMENT READINESS LEVEL?

Steve Blank, who developed the #1 entrepreneurship curriculum in the world, recently noticed some of the failings of angel/vc/accelerator pitch events and then proposed an alternative.

Key to his proposal is the real life example of “Moneyball” – where a team proved it could use cold-hard-metrics to dramatically improve upon the old gut-instinct-only system  Steve thinks this can be done for startups, and I am inclined to agree with him.,

I invite you to read the full text on his website and engage in a dialog about it.  Could this give angels a much better way to pick the winners out of the super-early-stage companies we love to work with?  Might it be a better fit for angel groups outside of the major innovation hubs – angels that don’t already believe they “got it” :).

And lastly, might it imply a different model for angel groups?  Instead of bringing in a few companies a month for “1st dates” that emphasize pitching skills, should we be bringing in batches of companies and putting them through a Lean Launchpad experience and evaluating them after 10 weeks of hard work (that we witness)?

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Originally posted on the River Valley Investors blog here.

One thought on “SHOULD ANGELS ADOPT THE INVESTMENT READINESS LEVEL?

  1. Cold hard metrics are great. Measuring tools are great. However, I would argue that the capacity to promote, obtain attention, or to align with someone that has attention are one of, if not the most important, indicators of potential success.

    I still need to read the Blank post.

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