Angelsoft Blog

I’ve been “referred” by a group–what does this mean?

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

Comments to “I’ve been “referred” by a group–what does this mean?”

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    I've been referred by Google -:)

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    i wonder, will they refer you to other group or they will refer you to their mother company.?

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    Mike Carter on the Hill in DC referred us to Tom Hobart.
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    you can go to search and find the who are intrested to groups Angelsoft.

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    From what it seems like to me it seems as if being “refered” can actually be a good thing instead of something bad.

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  21. on 04 Jan 2010 at 4:26 am21Wall Air Conditioner

    I didn’t understand the process of referring by a group. Thanks for the informative post. It made everything clear. Its really helpful that investor’s group is notified by e-mail. And the Deal room is also essential to collaborate internally and communicate with the groups.

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