The AngelList team and a rotating group of analysts from the top VC firms in the world review syndicated startups after they are published and features interesting companies to investors. This usually happens no later than 72 hours after the syndicate campaign is published. This review is very similar to one that would be conducted by a venture investor, considering product, team and traction.
If you are not raising a syndicate on AngelList, you can build out your network and connect with investors that follow you. A complete profile will help attract investors and is the best way to engage in fundraising conversations.
First, fill in all of the sections of your startup profile with concise, compelling information. Browse around AngelList, especially noting the featured startups, to find good profiles and learn from them.
Make sure you add all of your founders, employees, advisors, investors and so on. Your team members' followers get a feed update whenever a team member confirms a role.
Make sure you add the $ amounts for all investors in your current round. $ amounts for specific investors are displayed only to the startup's contact person and that individual investor.
Second, be proactive. Use search filters to find investors tagged with your startup's markets, in your location and that have invested in companies similar to yours. Contact investors using the 'Find Investors' tab on your startup profile. Use AngelList like a social network; follow people and companies, comment on posts and like others' updates.
If you think your startup followers will want to know about the post-pivot startup, edit your existing profile. If not, start a new profile.
For example, if the product and team are staying the same and you're just going after a different market, keep the profile. But if you're changing your product and market, and you've lost half of your co-founders, start a new profile. The case where you're keeping the team but changing the product and market is trickier — use your judgment. In either case, be sure to list the funding history of the company on the profile.
If your profile hasn't been published yet or is still in "Draft mode", you can delete it by going to "Edit" and choosing "Delete Startup Profile".
Similarly, if you are the only person connected to your startup, you can delete it in the same way.
Each profile on AngelList can be connected to other founders, employees, advisors and investors. Removing one profile can remove important data from other profiles. We can't completely delete profiles from the site if they are connected to other users or profiles, but we will convert the profile to a "Community Profile" and remove some of the information you added when you created it.
If you're obviously fund-able (e.g. you previously started a company that made lots of money for its investors), you might want to consider adding less information to your profile. If you're not obviously fund-able, consider the risk of sharing your idea to be a cost of doing business. If you're not willing to take this risk, don't use AngelList.
Also, keep in mind that it is rare for someone to care enough about your idea to “steal” it.
Current Investors are investors that are investing on the same terms as this round, whether right now or have in the past. Previous Investors are the others, i.e. those that invested on different terms to those currently offered.
An investor does not have to have sent money or signed docs to be listed as Current, they just have to be committed to invest in the round and confirm the tagging.
Yes, AngelList Limited is authorised and regulated by the Financial Conduct Authority.
That means you can use AngelList both to find offline investors and to have an AngelList syndicate invest in your startup.