{"id":330,"date":"2020-10-14T01:19:21","date_gmt":"2020-10-14T01:19:21","guid":{"rendered":"https:\/\/marshallbrain.com\/wordpress\/?page_id=330"},"modified":"2020-10-14T01:19:21","modified_gmt":"2020-10-14T01:19:21","slug":"invest4","status":"publish","type":"page","link":"https:\/\/marshallbrain.com\/invest4","title":{"rendered":"How to Raise Money from Angel Investors and Venture Capitalists – Chapter 5"},"content":{"rendered":"\n

Step 2: Apply<\/strong>
by Marshall Brain<\/a><\/p>\n\n\n\n

Most angel groups and many VC firms have a web-based process for applications. Therefore, even if you have been recommended in, you will often be asked to fill out the application online so that you are “in the system”. Especially in an angel group with 40 members or more, having the application in the system means that everyone in the group can see it and work on it easily. Many angel groups use a system called Gust to handle application intake.<\/p>\n\n\n\n

You will fill out everything and upload your package of information, which might include your business plan, a description of the management team and a PowerPoint deck that you will use when presenting your company.<\/p>\n\n\n\n

Once your application has been submitted, it will go through some kind of screening process. Angel groups especially can receive a lot of applications, and the screening committee will sort through them to find the appropriate companies.<\/p>\n\n\n\n

Here is where you see the advantage of being recommended in. The screening process usually is shortened and may become a formality when you get recommended in by one on the group’s members.<\/p>\n\n\n\n

If you don’t get recommended in, the screening committee is going to look at your application with the question, “Does this company seem to understand the investment process and fit our investment profile?” Here are some of the things that the committee will look at:<\/p>\n\n\n\n