Profit From A Profile On AngelList

Profit From A Profile On AngelList

Evan Loomis is the president of Clarion and vice president of strategy at Corinthian Health Services. Previously, he co-founded home improvement store TreeHouse and national angel investment group Wedgwood Circle.  At a basic level, AngelList is the LinkedIn for startups; it’s a directory for finding and researching great startups. Many of the biggest seed venture capital firms and angel investors are on the list, and many use it to help them source and validate deals. But AngelList is also a crowdfunding platform, a way for startups and investors not only to connect with each other, but also to actually raise money through what AngelList calls Syndicates . Most of the startups on the list that do well raising money with AngelList are in their seed or A round. AngelList as a directory for startups and investors Even if you aren’t likely to raise money on AngelList, it may be worth creating a profile — for both you and your company. Follow people whom you find interesting; do due diligence on your competition; search for great designers and engineers to hire. Raising your money on AngelList Posting your profile to AngelList is very easy, but that doesn’t mean it is easy to raise money through it. Many founders are tempted to bet on a build-it-and-they-will come strategy with AngelList: Get your profile out there and then sit back and wait for some rich billionaire to reach out wondering how you came up with such a brilliant idea and where he can send the money. This is the lottery scenario. The majority of ventures on AngelList raise no money at all. Those that do raise money pay attention to how the round dynamics and momentum affect their strategies. If you plan to try to raise money […]