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by idanb 5406 days ago
AngelList is an amazing resource that can really not only get you funding, but also provide you with some really amazing connections and even friendships! There is a really great investment community on that site and in general a really great culture as well.

With that said, you need to be aware that going online, setting up an AngelList account and spamming investors won't get you anywhere either. I think AngelList is a tool and it's up to you how to use it. Combined with "old fashioned" networking AngelList makes it much easier to get a seed round (or series financing) together.

You just want to make sure that, if nothing else, the investors you contact on AngelList have at least heard of you somewhat, or someone they know has. You can meet them by trying to go to events where these people are speaking or hanging out. Talk to them about your start up, maybe set up a coffee date. Once you've talked a few people (don't even mention fundraising at first!) then drop the hint that you guys are looking to raise some money. AngelList will then provide the gears, but you've always got to be the engine!

1 comments

idanb this is just what I was looking to hear. Others have been trying to sell me on the idea that all you had to do is join AngelList and all your worries were over. This makes a whole lot more sense to me as all the interaction I have had with investors go more along the line. Thank you for the great insight.