As an entrepreneur, when you login to Angelsoft you are brought to the My Applications tab where you can manage all of your applications to groups. Recently we added the ability for entrepreneurs to see updates on investor activity relating to your deal.

On the right hand side of the My Applications tab you will find the News Feed

Here is a guide to better understand what each news item means:

– Application rated:
An investor has rated your deal and chose to anonymously share it with you. Investors use a star system, moderating the best opportunities to the top. They rate your deal using a 1-4 star scale on four categories: Management, Market, Product, and Deal Terms. Some groups use the rating system as designed, others use it as a proxy for interest in which case the actual values don’t mean anything. Investors can also leave comments which often includes advice for the entrepreneur.

– Application was privately rated:
If the investor does not share their rating, your News Feed will tell you that the application was privately rated. We are actively encouraging investors to share their ratings with entrepreneurs. However, in some cases it would be inappropriate to do so.

- An Investor has reviewed your application:
An investor has clicked on your application and read it over

- New Investment: $100,000 from John Doe, East Coast Angels
An investor has committed funds to your deal

- New Investor: John Doe, East Coast Angels
An investor has expressed interest in funding your deal, but has not entered an investment amount.

- Invitation: Name Of Event:
An investment group has invited you to an event. Clicking on the event name will link you to the details

- Referred from Group1 to Group2:
Angelsoft is a network and groups will often share deals between them. This is called a referral. When your deal is referred, it is sent to the second group as if you had applied to that group directly. A new application will show up on your My Applications tab.

- Group1 invited Group2 to collaborate:
To finish out a round of financing, Angel Groups often need to collaborate on a deal, or co-invest. When this happens, Group2 is invited into Group1s deal room. In this case, you will not see a new application on you’re My Applications tab

- A member of East Coast Angels has referred your application to his group:
An investor has referred your deal from the Investor Community to his investment group for further review.

- Investment Terms updated by John Doe:
An investor has made changes to the investment terms, which can be viewed on the My Investors Tab

- Application posted to the Investor Community by John Doe:
The Investor Community is a feature inside Angelsoft. Investors post deals there when they are looking for outside investors to finish out a round. Applications posted by investors are labeled differently than those posted by entrepreneurs.

Jason D. Schwartz :: Jul.29.2008
Entrepreneur, FAQ