In this two-week, short release we focused on the Deal List, adding some long-requested functionality:

Add/Remove Deal List Columns

Group administrators can now add or remove data columns from their group’s Deal List under Group Preferences. New columns include: City & State, Referrer, Deal Leads, Funds Seeking, Valuation, Last Moved Date, Last Activity Date, and Entrepreneur’s name.

All columns are sortable, to give you better control over your list display.

Assign Deal Leads

Invite Entrepreneur

If the Entrepreneur column is turned on, you can see which deals have entrepreneurs invited to them, and which don’t. You can invite the entrepreneurs to fill out the company profile right from the deal list.
Invited entrepreneurs still cannot see investor documents, ratings, or investor-only discussions.

Shared Deals

The new Shared Deals folders on the Deal List help you keep track of all the deals you have referred out or co-invested out.
Shared deals are sorted into folders based on the groups they were shared with.

Hope you enjoy the new Deal List! Feedback is welcome below.



–The Angelsoft Team

Eran Dror :: Nov.21.2008 :: New Features, Release Notes :: Comments

In a pithy but perceptive post on O’Reilly ONLamp.com several years ago (which has, in some quarters, achieved almost iconic status), Derek Sivers wrote the following, which I think is an excellent way of clarifying why angels and VCs put much, MUCH less stock in “good ideas” than do the entrepreneurs who submit them:

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“It’s so funny when I hear people being so protective of ideas. (People who want me to sign an NDA to tell me the simplest idea.) To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

Explanation:

AWFUL IDEA = -1
WEAK IDEA = 1
SO-SO IDEA = 5
GOOD IDEA = 10
GREAT IDEA = 15
BRILLIANT IDEA = 20

NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO- EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000

To make a business, you need to multiply the two.

The most brilliant idea, with no execution, is worth $20.
The most brilliant idea takes great execution to be worth $20,000,000.

That’s why I don’t want to hear people’s ideas.
I’m not interested until I see their execution.”

David S. Rose :: Nov.17.2008 :: Angel Investor, Entrepreneur, Investors, Startup, Tech Transfer, VC :: Comments

This release introduced a complete redesign of the Angelsoft navigation, a brand new Investor Dashboard, and a great new way to rate open deals. We also created a new Investor Community Forum, to allow investors from all groups to talk to one another! All in all we’ve had 540 updates, among them 267 were general bug fixes, 13 were new features, and 23 were smaller improvements.

You can see all of them here. The highlights are below:

 

NEW INVESTOR DASHBOARD

When you log into Angelsoft from now on as an investor, the first page you will see is the new My Dashboard tab, which includes:

• My Deals Feed - The new Deal Feed allows you to look at your deals with their latest activity. Deals you’ve invested in, deals you’re interested in, deals you’re leading, and deals you’ve thumbed up on the Community can be seen here. More importantly each deal provides quick access to all the latest activity information, including updated documents and messages.
  
  
• My Ranking - As an investor - are you a Minnow or a Whale? Maybe a Tiger Shark? Do you have the impact of a Spit Ball, or a Comet? When rating deals, are you an Arch Angel, or maybe a Little Devil? Read more about your personal rankings and how to change them in this blog post.
  
  
• Recently Viewed Community Deals - On the right side of the screen, you’ll get a peak into what other investors are looking at in Community deals right now.

 

COMMUNITY DEALS & FORUMS

• Thumbs Up / Thumbs Down - We have introduced a faster, more intuitive way to rate open deals on the community. Simply give a Thumbs Up or a Thumbs Down from the list, or from the Deal Dashboard. The votes are tallied and a total score is assigned to each deal. You can sort by Highest Rated, and see the deals that your peers thought were worth a look!
  
  
• Deal Wall - Each open deal now has a Deal Wall, where investors can post their comments on the deal, either anonymously or under their name.
  
  
• Investor Forum - The new Investor Community Forum allows you to start a discussion with other investors on Angelsoft, whether or not they’re from your group.
  
  
• Mini Community-Profile - Mini-Profiles allow you to learn a bit more about investors who post to the community. Their name and picture, the groups they belong to, as well as their bio - if they provided one.
  

 

ENTREPRENEUR IMPROVEMENTS

• Import Saved Applications - Entrepreneurs can now import an application even if the original application was never submitted.
  
  
• More Newsfeed Feedback - Entrepreneurs can now learn of their total community score, as well as each time their deal is voted up or down - directly from the Newsfeed.
  
  
• Entrepreneur Replies - Entrepreneurs can now reply once to each Community comment that was shared with them, allowing them to correct misleading impressions, provide additional information, etc. Their replies will be posted on the Community, right below the investor’s original comment.

 

We realize the major updates in both design and function are bound to have impact on your experience. So please let us know what you think! Requests, suggestions, or questions are all welcome. Simply comment below.


–The Angelsoft Team

Eran Dror :: Nov.06.2008 :: Release Notes :: Comments