What happens after you apply?

You have submitted your application to OPENdeals and now you want to know what happens. Here is the rundown.

Once you have submitted your application you will be brought to the Application Manager.

From here you can see the number of investors that have viewed your deal.

If an investor is interested, they will refer it into their Angel group’s Angelsoft account for review. Angelsoft is used by most of the worlds Angel groups to manage ALL their deals, not just the ones from Open-deals. If you are going to work with an Angel group, chances are your deal will be done in Angelsoft.

When an investor refers your deal into their groups Angelsoft account, the General Manager is notified by email. That deal shows up at the top of the New Submissions list which is the first thing that the members of the group will see the next time they log in.
You will be notified by email of the referral. When you log into the Application Manager you will see that you have a new section for this group.

A deal specific email address is included. This allows you to communicate with the investor that referred your deal along with the General Manager of the group. As your deal progresses, you will continue to use this email to communicate with all interested investors.

Please comment with any questions you have.

Jason Schwartz :: Apr.21.2008 :: Entrepreneur, Open Deals ::