| I work at Angelsoft which also runs Open-Deals.com If you are looking for funding your first stop should be your local Angel group. There is no substitution for that. Our CEO, David S. Rose, Chairman of the New York Angels, would give you the same advice. After 4 years in the Angel Investment industry, we have consolidated most of the worlds groups onto a single platform called Angelsoft. Go to most any Angel group website and click apply, you will be brought to an application page powered by Angelsoft. We received hundreds of emails from entrepreneurs asking us how they can apply to all of the groups using our system. In response, we created open-deals.com which allows you to do just that. It is an open directory built into Angelsoft that allows Angels to browse through deals, and refer ones that interest them into their own group for further review. You can see what open-deals.com looks like from an Angel prospective here: http://blog.angelsoft.net/2008/04/17/sneak-peek-what-does-op... The challenge came in protecting the Angels that use our system from an avalanche of poor quality deals. Angel groups told us that one of the ways they filter out poor quality deals is by charging a submission fee. The theory is that if you are serious enough to pay $250, you are more likely to be a serious entrepreneur. I hope that clears up some confusion. Feel free to ask questions, I will be monitoring this discussion, Jason Schwartz
Community Manager |