What is open deals, how do I use it?
Open Deals is a new feature on the Angelsoft platformt that many of you have been starting to use since its release about a month ago. It comes from the fact that we had many investors asking us for new sources of dealflow, and many entrepreneurs asking for ways to get in front of more investors. Open Deals solves these problems and much more. It gives investors a private place to collaboratively discuss deals, find co-investors, and build a reputation within the investment community.
To learn more, please follow the tour:
1) Finding Open Deals:
Open Deals is located in the upper right hand corner of your screen when you are logged into Angelsoft and viewing your groups deal list. Click on it to view the Open Deals space.
2) Understanding the Open Deals Home Page:
In the Open Deals Home page there are 3 main sections, and a number indicating how many of each type of deal there is.
1) "Recent Deals" - this will take you to a list of all the most recent deals that have come into Open Deals.
2) "Deals from other groups" - clicking this will take you to a list of all the deals that have come into Open Deals through an existing Angelsoft user.
3) "Deals within 500 miles" - clicking on this will take you to a list of all the deals within a certain geographic range of your group or personal profile location.
Now, click on any one of these to be taken to the appropriate view in the Deal Directory.
3) Deal Directory:
The deal directory is a list of deals filtered by the options on the left hand side. If you want to see deals by proximity to your location, you can cick on "closest to me", if you want to see deals that the most investors have viewed, you can click "Most viewed".
4) Deal Summaries:
When looking at the Deal Summaries in more detail you will see there are two types of deals. First, there is a Group Deal. This a deal referred into Open Deals by an Angelsoft User. Deals that do not have the "Group Deal" designation are deals that have been directly submitted by an entrepreneur into the Open Deals space.
5) The Deal Dashboard:
Once you click on a specific deal, you will be taken to a deal dashboard that is very similar to what you are used to seeing in your own Angelsoft account. The main difference is that, if you want to show this deal to your group, then you just have to select your group from the "refer this deal to my group" button.
6) Ratings and Reviews:
Scroll to the bottom of the Deal Dashboard, and you will see the Ratings & Reviews section. This is where you can make comments and rate the deal in question. Your feedback positive or negative contributes to the communities ability to filter out the good deals, while it helps establish you and your groups reputation on the system.
