Angelsoft is, and always has been, fully committed to the early stage investment ecosystem.  Our platform has been accelerating "the right deals finding the right money" for over 4 years now and we boast over 8,000 accredited investors and over 450 qualified investment groups.

As our name implies, when we launched this company we saw the immediate need for angel groups to use our platform.  What has happened naturally, is that other types of investment groups have come banging down our doors to get on the system as well.  What we have found is that most investment groups all follow a similar process and have the same challenges.  This is true for angel groups, business plan competitions, seed funds, and even many venture capital firms.

The common challenges we found:

  • Establishing a good relationship with current and prospective entrepreneurs
  • Managing the organization's deal flow / deal log
  • Quickly identifying the good deals from the bad
  • Processing and handling unsolicited submissions
  • Collaborating amongst partners / members
  • Tracking and reporting on activities of the organization
  • Sharing deals with other investment groups

It's no accident that the features of Angelsoft map to these list of challenges - and with every iteration we provide more and more functionality to our customers.

The most exciting thing that has been happening lately at Angelsoft is a groundswell of Venture Capital groups that focus on early stage investing asking for Angelsoft accounts.  There has been SO much interest that this fall we are dedicating an ENTIRE iteration (and perhaps more than one) to building VC-specific features.  Where are these feature requests coming from?  From the over two dozen venture capital groups that are currently using Angelsoft to solve all the problems listed above and more.

Occasionally we get asked if Angelsoft would re-brand the product line for VC's.  Perhaps it's something we would consider in the future - but what we are finding that is very exciting is that most VC's know that their mission is about providing value to entrepreneurs and their limited partners, and whatever you call the product — if it does that — then mission accomplished.

 

Mark I LaRosa :: Jul.09.2008 :: VC ::