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MS Stanford Student's picture

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  • MS Stanford Student
  • mike

MS Stanford Student

11 months ago

in Why do we charge $250? on The Angelsoft Blog
Of course, some entrepreneurs aren't able to afford $250 - even if they have retained a solid advisory panel, deferred-fee legal counsel.
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Jschwa's picture
Jschwa Angel Investors typically look for deals that have around $100,000 already invested from the entrepreneur's own money, friends, and family. They want the entrepreneur to have skin in the game. That isn't a definitive number, as "skin in the game" for a student is different than someone who is an executive. However, they want to see that you were willing to convince the people closest to you that you are a good bet.

If you don't have $250, there is a good chance that you aren't ready for Angel funding. It is one of the reasons that the $250 filter works on a number of levels.

Our primary goal is to ensure that OPENdeals remains a source of quality deal flow. To that end, we are actively working on alternative filters such as business plan competitions and crowd sourcing. We would be happy to hear any scalable suggestions you have.
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