If you are an existing user of Angelsoft, there is a few important things you should know about the upcoming transition. If you are a GM of a group, you should have already received the following information by email.

1. Starting on June 27th you will access Angelsoft through your web browser with the following link: www.angelsoft.net/login.

2. All of your existing data will automatically transfer over to the new system.

3. You will no longer be able to login through the downloadable software. Angelsoft is now completely web based.

4. Angelsoft will be unavailable for 6 hours from 10pm June 26th to 4am June 27th EDT. We will try to minimize the impact of this transition, but any or all services may be down during this time.

5. Your username (this email address) and password will remain the same. If you have forgotten your password, click on the "forgot password" button at the login screen and it will be e-mailed to you.

6. We will be sending an email reminder to all Angelsoft users the day before the transition explaining how to login.

If you have any questions, please email support@angelsoft.net.

Jason Schwartz :: Jun.22.2007 :: Angelsoft 2.0 :: Comments

Angelsoft is proud to announce that on June 27th it will be launching Angelsoft 2.0, the latest version of its deal tracking and collaboration software for early stage investors.

Here’s a sampling of what’s new:

Web-application: Angelsoft 2.0 is completely web-based. It is now available from anywhere with an internet connection– no download necessary.

Increased Usability: After gathering hundreds of feedback requests, we have made Angelsoft easier to use for both group managers and individual investors.

Increased Configurability: Every early stage investor has a different process. Accordingly, the newest version of Angelsoft is much more configurable. This includes better permissioning, more control over which tools are available to your investors, and a new configurable entrepreneur funding request.

Syndication: Syndication has been a hot issue over the last year. We have met that demand with two unique tools: deal referral and co-investment. Deal referral sends another group the deal exactly as it was received from the entrepreneur. Co-investment invites another group into your collaboration space.

Angelsoft has already attracted a sizable following of 160 angel groups across 6 continents. As our service becomes even more accessible with the release of the web version, we are looking forward to feedback from the entire angel community. Feel free to email us at sales@angelsoft.net to set up a demo.

Jason Schwartz :: Jun.22.2007 :: Angelsoft 2.0 :: Comments

socalTECH.com, a news site covering southern California technology companies, interviews Frank Peters, the new chairman of the Tech Coast Angels.

He makes some very interesting points about how he will increase Tech Coast Angel's visibility through marketing and PR. As the 10 year anniversary of the group nears, they hope to get their story out, publish profiles of their investors, and promote their portfolio companies.

Peters has also emphasized the use of technology to achieve these goals. Every entrepreneur interviewed is now videotaped. In addition Peters leverages his personal podcast, The Frank Peters Show to feature Tech Coast funded companies.

Evan Bartlett :: Jun.12.2007 :: Angel Group Manager, Angel Investor :: Comments

Toni Gasgupta, an investor with Tech Coast Angels (TCA), writes how angels are a different breed of investor.

Some highlights include:

- Angels are less risk averse because it’s their money on the line. Since they are not accountable to anyone, as with a VC, they are more likely to try an oddball idea.
- Angel investing isn't the best way to make money. They do it because they like the idea of nurturing a company.
- Angel groups are made up of many dynamic people. You're likely to find one that knows your space.
- Angels can become great champions for your company when seeking further funds.

Evan Bartlett :: Jun.07.2007 :: Angel Investor, Tips :: Comments