Advice from Mr. Angel: Top Ten Ways to Annoy Angel Investors Such That You Will Never, Ever Receive Funding

Inside VT KnowledgeWorks is pleased to provide advice to entrepreneurs seeking angel investment from an authoritative source with a distinctive voice.  Just as "Stanley Bing" writes with a pseudonym for Fortune, given that the angel investing grapevine can snap with a whisper, this individual prefers to remain anonymous.  Meet "Mr. Angel." 

From Mr. Angel:

10. Send a blind e-mail without knowing the name of the person to contact at that angel group.

9. Not care enough about your product to actually take the time to read what the expertise of that angel group may be (e.g. you’re looking for technology funding and they do real estate!).

8. Say that someone sent you to the group or refer to the person as if they know you, when in reality, they just sent you to the group as a courtesy because they don’t fund what you have or at your level.

7. Be an entrepreneur that explains to the angel group how all the VCs are looking at you so the angel investors should hurry  up and invest before it's too late.

8. Come to a presentation without knowing what you are expected to do: a 20-minute presentation with a 10-minute Q&A by one person, or a 30-minute presentation where you were supposed to bring a prototype of the product (or not).

5. Be late to a presentation.

4. Cancel a presentation for any reason, or ask to reschedule it.

3. Jingle the change in your pockets while giving your presentation.

2. Fail to believe that you only have X minutes to present to an angel group before you will be shut down (a.k.a. trying to go over time to get more time!)

1.  And the top way to ensure that you will become a raisin on the grapevine of angel and venture capital groups: 

Call the phone number on the web site and ask whether or not the group does early or seed-stage investing (or whatever your question is) and how to submit an application. It’s right there on the web site, for heaven's sake!


The inaugural VT KnowledgeWorks Entrepreneurship Summit will be held on Thursday, April 2, 2009, in Blacksburg, Virginia.

During the CVG’s LiveFire! ™ session in the afternoon of the Summit, five companies selected as pitch-worthy by the Charlottesville Venture Group (CVG), in affiliation with the Virginia Active Angels Network (VAAN), will pitch in public, answer questions in public, listen to the angel investors express pros – and cons – in public, right there in front of an auditorium full of 100 silent, scrutinizing audience members.

 "No one's feelings are spared and no question is out of line."

The auditorium only has 100 seats.  If you want to be a member of that silent, scrutinizing audience, you might want to register now.

Speak Your Mind