When you subscribe to the “Promote” tool, your company is posted in the Open Deals Investor Community where it can be seen by the 16,000 investors who use Angelsoft.

When an investor finds a deal the or she is interested in, they may “refer” it out of Open Deals and into their group’s Angelsoft account.

When this happens:

  1. The admin of the investor’s group is notified by e-mail. For an angel group this is usually the General Manager. For a VC fund this generally includes all partners.
  2. A deal room is created in the group’s Angelsoft account, which will be used to collaborate internally and communicate with you.
  3. A new application is added to your Application Monitor. You can edit this application and add additional documents. Note: A “referred” deal does NOT count towards your 3-submission limit.

When you apply directly to a group using the Investor Search Engine, the group also has the option to “refer” your deal to another investment group that they think might be interested. They may do the same by referring a deal from Open Deals.

Jason D. Schwartz :: Mar.08.2009 :: Entrepreneur, FAQ ::