Comments on: Angelsoft - salesforce for seed stage investors? http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/ India's leading venture capital and startup blog Sun, 01 Aug 2010 03:20:04 +0000 http://wordpress.org/?v=2.3 By: Is Micro-Funding a New Trend to Come? at VentureWoods - India's leading venture capital community http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-338021 Is Micro-Funding a New Trend to Come? at VentureWoods - India's leading venture capital community Mon, 31 Aug 2009 08:00:28 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-338021 [...] Update: On a Related note, Do Check Udhay’s Post on Angel Soft. [...] […] Update: On a Related note, Do Check Udhay’s Post on Angel Soft. […]

]]> By: Ashwen http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-276936 Ashwen Sat, 15 Nov 2008 00:22:03 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-276936 Angel Soft is interesting , I am keen on some quant. I visited their website but did not come across too many success stories & user testamonials , just a single podcast of a guy who received angel funding Anyone out there who has used angel soft and seen traction ? not everyone gets funded but I am keen on knowing the response buzz from angel soft before I consider or recommend it to anyone Angel Soft is interesting , I am keen on some quant. I visited their website but did not come across too many success stories & user testamonials , just a single podcast of a guy who received angel funding

Anyone out there who has used angel soft and seen traction ? not everyone gets funded but I am keen on knowing the response buzz from angel soft before I consider or recommend it to anyone

]]> By: vyaas http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-251738 vyaas Tue, 09 Sep 2008 03:58:44 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-251738 Devin, Its very nice. I went thru the site and it is pretty good. I am sure something like this will be very useful for Indian entrepenuers. Rgds Vyaas Devin,
Its very nice. I went thru the site and it is pretty good.
I am sure something like this will be very useful for Indian entrepenuers.

Rgds
Vyaas

]]> By: Devin McIntire http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-251343 Devin McIntire Mon, 08 Sep 2008 06:42:17 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-251343 Deepak, the challenge of linking start-ups with seed-stage capital is especially difficult here in India at the moment. At India Development Gateway we see it as the need of the hour like you do and we're working hard to help early stage SMEs extend their reach among friends fools and family with better tools for connecting and representing their business plans. By helping bring in the first few anchor investors, enterprises will have a far better time securing traditional VC interest in a 1st or 2nd round, and we believe we can provide that extra push that start-ups in India often need. please have a look: www.IndiaDevelopmentGateway.com. We are in early stages of our own development and thus very welcoming of feedback and suggestions. Also we do have a few competitors focused on the Indian market who are worth checking out including: pitchindia.com and EDACapitalConnect.com any questions please feel free to email me Devin a t intellecap.net Deepak,

the challenge of linking start-ups with seed-stage capital is especially difficult here in India at the moment. At India Development Gateway we see it as the need of the hour like you do and we’re working hard to help early stage SMEs extend their reach among friends fools and family with better tools for connecting and representing their business plans. By helping bring in the first few anchor investors, enterprises will have a far better time securing traditional VC interest in a 1st or 2nd round, and we believe we can provide that extra push that start-ups in India often need.

please have a look: www.IndiaDevelopmentGateway.com. We are in early stages of our own development and thus very welcoming of feedback and suggestions. Also we do have a few competitors focused on the Indian market who are worth checking out including: pitchindia.com and EDACapitalConnect.com

any questions please feel free to email me Devin a t intellecap.net

]]> By: Mark LaRosa http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-250353 Mark LaRosa Fri, 05 Sep 2008 14:56:49 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-250353 Alok, We would love to see the Indian market adopting Angelsoft and I would be happy to discuss this in detail with you. Please send me your contact information. To be clear about the $250US charge. Angelsoft is free to any organization whose core focus is investing. That means VC's, angel groups, and others. Any angel group or VC can use Angelsoft's platform and participate in the community and accept applications from entrepreneurs - for no fee. If an investment group decides that they want to charge the entrepreneur to apply (as many do), then Angelsoft facilitates that - but does not charge the entrepreneur. Angelsoft also offers the ability for an entrepreneur to apply to the ENTIRE Angelsoft community at once (all 11,000 investors in 415 investment groups, in 43 countries) for a $250US charge. If an entrepreneur selects the group to apply to directly; however, we do not charge. ONLY when they want to post to all groups at once, do we charge. In regards to your comment, "I personally have been thinking of a platform that allows angel investors manage a large set of consideration companies - before a serious investment dialogue happens" You have just described the CORE of Angelsoft. It is an enterprise grade tool for investors and investment groups to manage large sets of companies through the entire deal flow process. We have VCs and angel groups that receive hundreds of submissions each month and they tell us that it is only through Angelsoft that they are able to manage and keep track of all of it - and be able to effectively and nicely communicate with ALL the entrepreneurs that reach out to them. I look forward to speaking to you and helping the Indian market. Sincerely, Mark I. LaRosa VP of Sales, Angelsoft Alok,

We would love to see the Indian market adopting Angelsoft and I would be happy to discuss this in detail with you. Please send me your contact information.

To be clear about the $250US charge. Angelsoft is free to any organization whose core focus is investing. That means VC’s, angel groups, and others. Any angel group or VC can use Angelsoft’s platform and participate in the community and accept applications from entrepreneurs - for no fee. If an investment group decides that they want to charge the entrepreneur to apply (as many do), then Angelsoft facilitates that - but does not charge the entrepreneur. Angelsoft also offers the ability for an entrepreneur to apply to the ENTIRE Angelsoft community at once (all 11,000 investors in 415 investment groups, in 43 countries) for a $250US charge. If an entrepreneur selects the group to apply to directly; however, we do not charge. ONLY when they want to post to all groups at once, do we charge.

In regards to your comment, “I personally have been thinking of a platform that allows angel investors manage a large set of consideration companies - before a serious investment dialogue happens” You have just described the CORE of Angelsoft. It is an enterprise grade tool for investors and investment groups to manage large sets of companies through the entire deal flow process. We have VCs and angel groups that receive hundreds of submissions each month and they tell us that it is only through Angelsoft that they are able to manage and keep track of all of it - and be able to effectively and nicely communicate with ALL the entrepreneurs that reach out to them.

I look forward to speaking to you and helping the Indian market.

Sincerely,

Mark I. LaRosa
VP of Sales, Angelsoft

]]> By: Deepak Shenoy http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-250311 Deepak Shenoy Fri, 05 Sep 2008 08:27:49 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-250311 You might want to check: http://www.gobignetwork.com/ as well. While this doesn't fly for investor groups quite as well, it's good for one-on-ones. As many propel have probably seen, angel investment is usually never about groups, but one-on-ones. I must say I'm not a fan of group investing unless it's big ticket. For small sums - sub 1 crore in today's parlance - it shouldn't have to be decided by a group, which tends to only delay stuff. A committee has a productivity of 1/(number of people in it) compared to an individual. I think angelsoft addresses certain investor concerns, like those that get too many enquiries. In an age where a company can be kickstarted with less than 20 lakhs - indeed less than 10 - it might make sense to raise small sums with say 4-5 investors that truly know your space. If that's true, the need of the hour is to link startups with individuals for small ticket investments. But that would mean both startups looking for many people x small ticket money, which is not a very easy transition to make. You might want to check:
http://www.gobignetwork.com/ as well. While this doesn’t fly for investor groups quite as well, it’s good for one-on-ones. As many propel have probably seen, angel investment is usually never about groups, but one-on-ones.

I must say I’m not a fan of group investing unless it’s big ticket. For small sums - sub 1 crore in today’s parlance - it shouldn’t have to be decided by a group, which tends to only delay stuff. A committee has a productivity of 1/(number of people in it) compared to an individual.

I think angelsoft addresses certain investor concerns, like those that get too many enquiries. In an age where a company can be kickstarted with less than 20 lakhs - indeed less than 10 - it might make sense to raise small sums with say 4-5 investors that truly know your space. If that’s true, the need of the hour is to link startups with individuals for small ticket investments.

But that would mean both startups looking for many people x small ticket money, which is not a very easy transition to make.

]]> By: Alok Mittal http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249853 Alok Mittal Thu, 04 Sep 2008 02:32:26 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249853 Prady - good thought - it might be even possible to talk to angelsoft to see if they want to partner - they seem to have a lot of base stuff done, and it would be great just to build on top of it, Prady - good thought - it might be even possible to talk to angelsoft to see if they want to partner - they seem to have a lot of base stuff done, and it would be great just to build on top of it,

]]> By: Prady http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249748 Prady Wed, 03 Sep 2008 20:59:35 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249748 Alok...Good to hear that you are thinking such kind of a platform. Here is my experience with Angelsoft.I just wanted to post a message in angelsoft, the website told me "Angelsoft charges a non-refundable $250 application fee for posting to the Investor Community." India is, of course, a different market. What about the global market with less fees to build/run the non-profit website? The same website that can cater India with minor modifications can cater the whole world. Alok…Good to hear that you are thinking such kind of a platform. Here is my experience with Angelsoft.I just wanted to post a message in angelsoft, the website told me “Angelsoft charges a non-refundable $250 application fee for posting to the Investor Community.” India is, of course, a different market. What about the global market with less fees to build/run the non-profit website? The same website that can cater India with minor modifications can cater the whole world.

]]> By: vikas http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249697 vikas Wed, 03 Sep 2008 17:00:29 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249697 Does somebody (angel,investment analsyt,mentor) has the patience to build a business model around it.Which aliens the missing link in business models,aliens various individuals .Act as convergent to startups in similar spaces to match their resources. Vikas Does somebody (angel,investment analsyt,mentor) has the patience to build a business model around it.Which aliens the missing link in business models,aliens various individuals .Act as convergent to startups in similar spaces to match their resources.
Vikas

]]> By: Alok Mittal http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249672 Alok Mittal Wed, 03 Sep 2008 16:05:28 +0000 http://www.venturewoods.org/index.php/2008/09/02/angelsoft-salesforce-for-seed-stage-investors/#comment-249672 well, some of the numbers mentioned above are out of whack - VCs routinely do $3-5M investments. Angels more typically do a million or less. However, it is correct that in US, total VC money and total angel money are about equal buckets (angels investing in far more companies, of course) - $20bn each if I am not mistaken. I have heard good things about angelsoft - in fact, met the founder there, and we have been evaluating the same for Indian angel network as well. Dont have first hand experience on it though. From what I understand, it helps angel investors and groups manage investments and the investment process. I personally have been thinking of a platform that allows angel investors manage a large set of consideration companies - before a serious investment dialogue happens... of course, it may just land up being a not-for-profit like venturewoods :) well, some of the numbers mentioned above are out of whack - VCs routinely do $3-5M investments. Angels more typically do a million or less. However, it is correct that in US, total VC money and total angel money are about equal buckets (angels investing in far more companies, of course) - $20bn each if I am not mistaken.

I have heard good things about angelsoft - in fact, met the founder there, and we have been evaluating the same for Indian angel network as well. Dont have first hand experience on it though. From what I understand, it helps angel investors and groups manage investments and the investment process. I personally have been thinking of a platform that allows angel investors manage a large set of consideration companies - before a serious investment dialogue happens… of course, it may just land up being a not-for-profit like venturewoods :)

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