By Amy Biemiller
It’s not enough to keep the deals flowing. Angel investors also have to keep sharp tabs on everything from event organization and member tracking, to syndicating opportunities and portfolio control. With no real solution available, David Rose, founder of New York Angels, one of the country’s most active angel groups, created one.
“In trying to streamline our processes, I looked far and wide for a tool or service to help with that. When it turned out no such platform existed, I decided to create one,” he says, explaining how Angelsoft came into being.In designing Angelsoft, Rose considered the needs of both investors and entrepreneurs as he created the web-based deal-flow management software platform, and focused on the communication aspect of doing business. “Communication is the basis for all early stage investing, and collaboration is the primary reason for the existence of angel groups in the first place,” says Rose. “Angelsoft helps both sides get more smart money invested into more worthwhile deals.”
NASVF member special
A strategic partnership between NASVF and Angelsoft entitles all NASVF members in good standing to free use of the AngelSoft system – a $1,000 value - for their seed fund or angel group for as long as they are a member. (This special arrangement includes one administrative account and unlimited standard investor accounts; members may upgrade to additional administrative users at standard rates.)
Click here https://angelsoft.net/a/contact-form for the Angelsoft contact form. Indicate on the form you are an NASVF member in good standing for this special offer. You will be contacted to set up a free Webex user training session. |
The platform appeals to investors because it helps them organize deal flow from entrepreneurs, evaluate opportunities and aids in collaboration with other investors and investor groups. Bryan Watson, executive director of the National Angel Capital Organization (NACO), the industry association representing angel capital throughout Canada, advocates Angelsoft as a best practice for angels. “In a country that is very geographically dispersed, having the tools to be able to collaborate easily makes all the difference in the world,” says Watson. “Angelsoft facilitates that sort of co-investment."
For early-stage entrepreneurs, the Angelsoft platform helps them find investors that specialize in particular industries or geographic areas, and supports the application process. Joe DiPasquale, founder of Collegewikis.com, credits Angelsoft with helping him raise $2 million in first round funding for his venture. “I put up my information and used the video format. Angelsoft made it so much easier for investors to communicate with me. It allowed me to raise a bigger round of financing,” he says.
“The goal was to standardize the funding process for both sides,” says Rose “ensuring that entrepreneurs are providing the correct information that investors need to make a decision, and giving investors the tools they need to manage a large inflow of opportunities they receive each month.” The software has been adopted by the early-stage investment community world-wide, with over 450 angel groups and investors now using the platform.
NASVF and Angelsoft have developed a new strategic partnership that offers NASVF members in good standing a special free-use offer from Angelsoft. Click here https://angelsoft.net/a/contact-form
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Member Spotlight
New $58 million BioCrossroads fund to focus on IN life sciences businesses
BioCrossroads, an Indiana public-private collaboration has organized the establishment of the INext Fund, a $58 million venture capital fund of funds. The capital pool will invest in venture capital funds that are focused on the direct investment in Indiana life sciences opportunities. The fund is managed by the Credit Suisse Customized Fund Investment Group and includes investments from Eli Lilly and Company, the Indiana State Teachers Retirement Fund (TRF), Indian University, Purdue University, Notre Dame, and the Fairbanks Foundation.
NASVF member BioCrossroads is Indiana’s initiative to grow, advance and invest in the life sciences, a public-private collaboration that supports the region’s existing research and corporate strengths while encouraging new business development. BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises, expands collaboration and partnerships among Indiana's life science institutions, promotes science education and markets Indiana's life sciences industry.
http://www.biocrossroads.com/News/INext%20announcement%20press%20release.doc
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Calendar of Events
Presented By: International Economic Development Council
When: Jan 31 10 - Feb 2 10
Where:
The Woodlands Resort and Conference Center
2301 N. Millbend Drive
Spring, TX 77380
Description:
Details to come.
Presented By: Development Capital Networks
When: Mar 16 10 7:30am - Mar 17 10 9:00pm
Where:
Arlington Convention Center
1200 Ballpark Way
Arlington, TX 76011
Description:
The WBTshowcase is the nation's premier event showcasing the largest collection of vetted and mentored companies and technologies emanating from top universities, labs, research institutions, and the private sector from across the country and around the globe.
World-class mentoring for emerging technologies...
by investors and licensees, for investors and licensees
Presented By: Association of University Technology Managers
When: All Day Mar 18 10 - Mar 20 10
Where:
Hilton New Orleans Riverside
2 Poydras Street
New Orleans, LA 70140
Description:
The 2010 AUTM Annual Meeting will take place March18-20 in New Orleans at the Hilton New Orleans Riverside. The meeting is a three-day educational conference that draws from the global community of technology transfer professionals, researchers and other intellectual property experts. The Annual Meeting features 12 educational tracks and 60 interactive workshops developed for seasoned technology transfer professionals and newcomers to the field.
View the NASVF Calendar Online
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