Source - https://techcrunch.com/2011/02/26/angelist/
TL;DR - At the time of writing (2011), AngelList was a controversial new player in the VC scene with pros and cons for both investors and entrepreneurs.
Helpfulness - 3
Tags - notable investors, angels, new types of vc
Questions addressed:
- What is AngelList?
- What did people in the VC world think of the platform when it first came out?
- What are the pros and cons of the platform for investors and for entrepreneurs?
Summary:
- AngelList is a platform (relatively new at the time of writing, 2011) that connects entrepreneurs with angel investors.
- Fans of the platform like that it helps connect first-time founders with investors.
- Critics worry that it will encourage investing without establishing relationships or just following trendy deals.
- Others consider AngelList more of a communication tool like email than an investment philosophy (therefore no reason for controversy).
- AngelList can be “more noise than signal,” especially for VCs whose inboxes are already overflowing with potential deals.
- It can be a useful resource for founders to fill out a round, but shouldn’t replace the hard work of building relationships and finding the right core investors.
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