Single Start-up Seeking Perfect Angel Partner

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Single Start-up Seeking Perfect Angel Partner

Sarai Tsai | February 14, 2010 - Leave a Comment

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We’ve all heard that the relationship between start-ups and angel investors or venture capital firms is like entering a marriage. As an entrepreneur, you work hard to partner with the right investor before entering into a long-term relationship. But before marriage you need to be introduced to a potential partner. “Can I buy you a drink?” doesn’t (always) work on investors.

Now Venture Hacks, a start-up advice site, has a matchmaking solution for start-ups seeking angel investors called StartupList. Launched earlier this month, Venture Hacks sends start-up pitches to angel investors with over $80 million pegged for early-stage start-ups in 2010.

How does it work? Read more after the break.

Start-ups submit a 150-word elevator pitch to Venture Hacks – you must have a “minimum viable product”, be in front of customers, and know something about product/market fit. Each Monday Venture Hacks picks its top three pitches from the bunch and forwards them to the AngelList.

Now this doesn’t mean you’ll automatically get funding, but it does mean that you have the chance to be introduced to angel investors – and it has worked already. At least three investors have requested introductions to seven start-ups.

If you’re a health company and apply to the list, we’d love to hear about your experience.

Source: Venture Hacks