Marianne Hudson with the Angel Capital Association recently e-mailed out a newsletter from the Angel Capital Education Foundation that contained several great articles that could help group managers get a better idea of how to successfully manage an Angel Network.

1) Attracting and Retaining Angel Investors 

The emphasis here is on knowing your customer, and in this case it’s the individual Angel investor. To attract and retain investors, the group needs to know what the priorities are for these investors, and needs to have a strategy for meeting each of these priorities. The article discusses how investors are in it for the fun, for investing in good deals, and to have an impact on their business and entrepreneurial communities.

2) Effective communication between investors and entrepreneurs

Managing communication between investors and entrepreneurs is a big issue for many of the Angel groups using Angelsoft. It starts with the funding application, and being able to communicate with all incoming entrepreneurs. Then as the deal attracts interest, the entrepreneur may come in to speak with the screening committee, present to the group at large, or collaborate with a due diligence committee. As investing in great entrepreneurs is an objective for almost all Angel groups, getting miscommunication right is critical.

3) Students as a resource to an angel network 

Once you’ve attracted investors, and have those investors working effectively with entrepreneurs, you may realize that and Angel group still requires a lot of work. This is a great time to engage students to help you manage that workload, and learn something new in the process.  Many groups on the Angelsoft platform use MBA’s to help with the new submissions screening process and event management.   

Thanks to the ACEF for such great material!

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Evan Bartlett :: Feb.21.2008 :: Uncategorized ::