We’re proud to present Angelsoft 2.4. This release includes many great new features we think you’ll enjoy. We have 175 updates in total, including 111 bug fixes, 56 improvements, and 8 new features. For the complete release notes click here. We’ve made some big improvements to the entrepreneur application process. We encourage you to try and submit a new application to your group to see how much better it is!

VIDEO PITCHES

Ever wonder who was behind a new submission or wished you could see a live demonstration of the product? Well now you can! Entrepreneurs can now upload or record a short video pitch, up to 5 minutes in length, which you can watch directly on Angelsoft.

Upload or Record Video with Webcam
Entrepreneurs can upload a previously prepared video file in one of 14 popular formats, or record a new pitch using their webcam. Angelsoft allows them to preview the video, delete and record again, until they are ready to save and submit to the group.

Finding Deals with Videos
Deals with video have the gray [VIDEO] indicator following the deal name on the Deal List. They also have an indicator in all New Submissions notices, Deal Alert emails and Deal Event invitations concerning them. This way you can quickly identify which of your new submissions contain a video pitch.

Watching a Video
Group members can watch a video pitch directly from the Deal Dashboard or expand it to full-screen view.

ENTREPRENEUR FEATURES

Funding Application Manager
Entrepreneurs can now easily manage their applications in a single place if they apply to more than one group.

Additional Documents Manager
Entrepreneurs can now upload additional documents in addition to submitting them through e-mail, so they won’t overload deal members with e-mail messages.

Improved Upload Experience
Entrepreneur document uploading has been improved with these important functions: A progress bar for uploads, the ability to cancel uploads that are taking too long, and a warning when documents have been uploaded but not yet submitted to the group. Documents can also be easily deleted and replaced. This allows entrepreneur to take charge of their documents and make sure that the latest version is always available to the group.

GROUP FEATURES

Smart “New Submission” Sub-Folders
Where do new submissions come from? Three new smart sub-folders under New Submissions will tell you whether a deal was added by your administrators, through your website, or referred from another group.

Create New Deal from the Deal List
Creating a new deal is a common operation for group managers. So we decided to put it right there on the Deal List, where group managers usually spend most of their time.

“Refer” and “Co-Invest” Recipient List
When you Refer or Co-Invest a deal to another group, you can now click to see a list of Group Administrators your message will go to. Did you promise Bill that you’ll refer a deal to his group? Now you can make sure that Bill is actually on the receiving end!

One-Line Pitch
There’s now one more required field on all entrepreneur applications: the one-line pitch. This one line description of the deal will go on the Deal List, instead of the truncated Business Summary, and should allow for better and quicker sorting.

BUGS AND IMPROVEMENTS

Group Administrators Are Now Always Deal Admins
Fixing a previous issue with Deal Admin privileges, all Group Administrators will now have implicit Deal Admin rights. The Deal Admin checkboxes for them will always be checked and disabled.

Improved Messaging Stability
We’ve sorted through multiple previous issues with messaging, including compatibility with different mail servers, and various errors involving Deal Messages. We believe that this new release will be much more stable when e-mailing through Angelsoft.

Application Errors Fixes
Using the information from the error tracking features that we’ve implemented in the previous release, we’ve located and resolved some of those hard to locate bugs that have been causing Errors to pop up for some users. We believe that this release will be even more stable.

Once again, we’d like to thank you all for your support, ongoing involvement, and enthusiasm: they keep us going.

We look forward to hearing your thoughts about this new release in the comments section on our blog.


- The Angelsoft Team

Eran Dror :: Feb.20.2008
Angel Group Manager, Angel Investor, Angelsoft 2.0