[mrchess]

I feel like you haven't even done any research on AL at all. Have even opened it up in a browser or read a little about it? You say you want to go the "old fashioned" way through networking... well AL is networking -- it is a social-network for investors.

You should read more about AL. But in short, yes, you should use it. It is much easier to find investors, and if you win one over, it is easier to extend out from their personal networks as well. I'd also recommend you start reading venturehacks.com.

[Macshot]

mrchess I have done my due diligence and found conflicting reviews. Some praise it as the greatest thing to ever happen to the fund raising process and others saying it is a complete waste of time. That's why I decided to make this post looking to insight from a community of people like myself I trust.

[mrchess]

OK! Well, check this out:

http://onstartups.com/tabid/3339/bid/63010/Raising-Money-On-...

If you can get 1 key investor or endorser, you're pretty much in. How do you get that key? Usually from networking in person, or by having stellar metrics that people can't turn down at least talking to you.