How many groups can I apply to?
How many groups can I apply to?
When using the Investor Search Engine to apply to groups, you can have up to 3 submitted applications at any time. We refer to this as an “active submission.”
What happens if I apply to more than 3 groups?
If you apply to more than 3 groups, your application will be tagged with “BULK” in the 4th group’s Angelsoft account. The 4th group will still receive your application, but we do let them know that you have more than 3 active submissions.
How do I apply to more than 3 groups?
If you have 3 active submissions and would like to apply to additional group without incurring the BULK tag, you must first withdraw 1 application by clicking the “withdraw” button. You have 3 open submission slots that you can fill with any application you choose. By withdrawing one of your 3 submissions, you open up a slot that can be used to submit another. If you desire broader exposure, we suggest taking advantage of our “Promote” tool.
How do I know when I can withdraw?
You can sort by “response time” on the Investor Search Engine to get a sense of how many hours or days it takes for a new submission to be viewed. If you have not heard back from a group within 30 days, use the “Deal E-mail Address” listed under each application on your Application Manager. This can be used to contact the General Manager of the investment group and any individual investors who have expressed interest. Ask them if they are intersted in moving forward with the deal, and if not, to let you know so you can seek opportunities elsewhere.
Why is there a 3-submission limit?
The 3-submission limit had to be implemented because some entrepreneurs were abusing our system by indiscriminately sending their application to investment groups. It was not a sustainable situation for groups who spent valuable time processing applications. If our investors become overwhelmed by applications, they will stop using Angelsoft and then entrepreneurs lose this resource. We realize that this isn’t a perfect solution for everyone, but thus far it has mostly met the needs of everyone involved.
I need broad exposure and I need it now!
We built the Promote tool for entrepreneurs seeking for broad exposure over our investor base of 15,000. If you need reach beyond your 3 allotted application submissions, we recommend signing up for a subscription.
If I start more than 3 applications, will it count against my submission limit?
You can have as many un-submitted applications in your Application Monitor as you want. The 3-submission limit only counts towards applications you actually submit to a group.
Jason D. Schwartz :: Mar.08.2009
Entrepreneur, FAQ
Hello,
If I do not hear back from an investment group within XX days and I delete the application, this will allow me to apply to another group, correct?
Thank you,
Correct. If you have 3 active applications and you do not hear back from them within XX days, you can 'Withdraw' an application to apply to another group.
What happens if I submit to three investors. Then a day or two later I search and find a better and more fitting investor. Can I withdraw one earlier one to open a slot? I'm just a little unclear on the timing here. Do I have to wait 30 days to W/D?
From an investor perspective, what do they see when I withdraw my application? If I see on my news feed that an investor from a certain group has viewed my application, can I then withdraw it to free up another spot without the investor thinking that I'm no longer interested?
Now I get it why I can only only submit to 3 groups, I do agree that there are lots of people who want to abuse your system and maintaining it this will lessen moderation.
If you have 3 active submissions and would like to apply to additional group without incurring the BULK tag, you must first withdraw 1 application by clicking the “withdraw” button.
Withdraw button? I can't see any withdraw button.
listed under each application on your Application Manager. This can be used to contact the General Manager of the investment group and any individual investors who have expressed interest. Ask them if they are intersted in moving forward with the deal, and if not, to let you know so you can seek opportunities elsewhere.
If I see on my news feed that an investor from a certain group has viewed my application, can I then withdraw it to free up another spot without the investor thinking that I'm no longer interested?
Oh, If you apply to more than 3 groups, your application will be tagged with “BULK” in the 4th group’s Angelsoft account. The 4th group will still receive your application, but we do let them know that you have more than 3 active submissions.
If you have 3 active submissions and would like to apply to additional group without incurring the BULK tag, you must first withdraw 1 application by clicking the “withdraw” button. You have 3 open submission slots that you can fill with any application you choose. By withdrawing one of your 3 submissions, you open up a slot that can be used to submit another. If you desire broader exposure, we suggest taking advantage of ou
In order to avoid abusing the system, 3-submission limit is implemented. Investors may stop using Angelsoft if they are spammed by applications
Love your work hope to see some more cool stuff soon.
2-3 to avoid spam
, you must first withdraw 1 application by clicking the “withdraw” button. You have 3 open submission slots that you can fill with any application you choose. By withdrawing one of your 3 submissions, you open up a slot that can be used to submit another. If you desire broader exposure, we suggest taking advantage of ou
I love your site and the article is useful!
which one would be the end key the red one?
You are a very paranoid man
thank you so much
application you choose. By withdrawing
If you have 3 active submissions and would like to apply to additional group without incurring the BULK tag, you must first withdraw 1 application by clicking the “withdraw” button. You have 3 open submission slots that you can fill with any application you choose. By withdrawing one of your 3 submissions, you open up a slot that can be used to submit another. If you desire broader exposure, we suggest taking advantage of our “Promote” tool.