Nivi · June 22nd, 2010
It’s a pain in the ass for interesting startups to get meetings with good angels. You have to bug your friends, one-by-one, to introduce you to the angels they know.
The global community of angels on AngelList offer an alternative.
Startups apply to AngelList, we pick the ones that we think the angels will like, and we send them to the angels. The angels read these pitches, meet the startups they like, and, perhaps, invest.
“Of the 48 companies featured so far on AngelList, about half have received funding.… Marco Zappacosta, founder of Thumbtack Inc., a site that lets people book services like tutors and dog walkers, won three commitments from angels after pitching his company in March at an Open Angel Forum event in San Francisco. He then turned to AngelList and received three more commitments to close a funding round at $1.2 million in June. The service, he says, “is good at getting worthy start-ups into the inbox of investors.”
Read the full article here before it goes behind the WSJ’s pay wall.