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When starting as an Angel investor, it’s essential to set up several sources to consistently find deals that fit your thesis and track those that meet your requirements; this is called “Deal-Flow”.
It’s helpful to network with lead investors and build relationships with investors in general so you can share information about deals and provide/receive referrals.
Here are some sources to consider:
Ping the members of the group regularly for deals they recommend.
Avoid the ones in which they say, “I’m not interested but perhaps others are.”
Look for the deals that members want to invest in.
Identify investors outside the group who fund quality deals in the same sector and stage as your group and set up a relationship to share deal-flow.
Follow up with your portfolio companies about deals they recommend.
Consider other angel networks in the geographic area or sector area to provide deal-flow.
Talk with service providers such as attorneys and accountants about deals they see needing capital.
Join community groups that foster the sectors your group is interested in and have the members attend those group meetings.
Review online portals for deals raising funding.
Finally, establish a reputation for providing mentorship, feedback, and support to position the group as the go-to resource for startups.
Find out how TEN Capital can help you source the right deals: https://tencapital.group/investor-landing/
Hall T. Martin is the founder and CEO of the TEN Capital Network.TEN Capital has been connecting startups with investors for over ten years. You can connect with Hall about fundraising, business growth, and emerging technologies via LinkedIn or email: hallmartin@tencapital.group
