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Part 1: The Angel Capital Summit Process: Mentoring, Deal Screening - And Learning All the Way

Angel Capital Summit - August 20, 2010 - 8:37am
Kevin Johansen

Part 1: The Angel Capital Summit Process: Mentoring, Deal Screening - And Learning All the Way

Fellow Travelers,

This ACS process is pretty simple, really. It mirrors how entrepreneurs build their businesses offline, so we brought it online to speed it up. We’ve also improved it in a number of ways via the use of Web 2.0 & 3.0 thinking & tools and the healthy use of social media.

What you’re used to: If you’ve ever applied to present at an angel investor fair in the past, it’s likely because you received a ‘Call for Business Plans’ via email. This invitation asked you to send your BPlan to someone in the organization hosting the event by a specific date. This got you busy.

The date was generally 2-4 months in the future. You had that much time to build and/or fine tune your business plan. During this period you sought as much advice as you could get and used it as best you could. During this period you also got progressively more nervous as the submission date approached. If you’re like most of us you likely waited until the last minute – 11:59 PM – to hit the ‘Send’ button on your hopes and dreams.

From there, you waited…

A couple of weeks later you likely got one of two emails: ‘Thanks for applying, but you weren’t selected…’ – or - ‘We’d like you to come in for an audition’
If you auditioned, your Company was likely one of 2X to 4X the number of presentation slots available. If you presented well, you moved forward. If you didn’t, you didn’t. And if you didn’t, you may or may not have been told why.

What the ACS does: Instead of a BPlan you’re asked to build a ‘Business Profile’. This is a learning process in itself, as to complete it you’re required to think of your business as an investor will. Historically, about 20% of you haven’t been able to do that. This means that you’re not ready to talk w/ investors. This is good, as it keeps you from embarrassing yourself and burning contacts.

You’re also asked to take the ‘Benchmark Survey’. The resulting ‘Benchmark Report’ shows you where you’re at compared to your successful peers. Really. The Executive Summary is graphic. You’re either in the green or in the red – you’re either on the success path, or off it. And all of this is FREE.

From there, the mentoring begins.

The Business Profiling process is checklist driven. A completed Business Profile generates a ‘completeness rating’ from 0 to 100. This rating is generated by the checklist.

A blank check box is a signal that you need help - it’s also a target for an advisor to hit. The job of ACS Partner group you’re working with is to spot these learning opportunities and then help you connect to the right advisor at the right time for the right reasons.

Sexy, huh?

Stay tuned for Part 2!

Best,
Kevin Johansen

Categories: Blog articles

10,000 Investors to the Angel Capital Summit

Angel Capital Summit - August 19, 2010 - 4:45am
Kevin Johansen

10,000 Investors to the Angel Capital Summit - It's our goal to invite them.

Fellow Travelers,

So far, we’ve contact information for just over 9,300 accredited investors here in Colorado. We’ll be sending them an invitation to the ACS in September. If they’re interested, we’ll also invite them up onto the ACS Executive Committee and ask them to help us pick the ACS Finalists. But our primary goal is to get them connected with the ACS Partners in their neighborhood.

Here’s the list of ACS Partners so far.

Want to help with this?

Trying to get a new angel network started?

Have investors you’d like to connect with us?

Want more investors for your ACS Partner group?

Want to become an ACS Partner?

Let me know…

Best,
Kevin Johansen

Categories: Blog articles
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