Question: What’s your favorite resource to find and research potential VCs and angels online?
The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.
“AngelList is now the go-to resource to find and research angel investors. You can filter angels by industry and location, view typical investment sizes and more. Most importantly, you can see how you’re connected to a given angel, making it easier to obtain that first meeting.”
– Bhavin Parikh | CEO, Magoosh Test Prep
“Gust provides a global platform for the sourcing and management of early-stage investments.”
“AngelList is great for finding and researching potential angels and VCs, and any entrepreneur trying to raise money needs to have a complete AngelList profile. But when I’m researching who funded what, CrunchBase is my choice. The site shows funding events by round and investor, including any exits. There are also links to press on funding events, and links to founder and investor profiles.”
“TheFunded.com is an online community of over 18,000 CEOs, founders and entrepreneurs to discuss fundraising, rate and review investors and discuss strategies to grow a startup. No VCs are allowed. I use this weekly.”
“vFinance allows me to access both types of investors in one place. This website only allows access to accredited investors, so I know it’s reputable. Pricing plans start as low as $79 for 3 months of access, and the site also provides free business plan templates for those who need assistance crafting a business plan.”
“Many VCs and angel investors are active on Twitter. You can get a rich sense of an investor’s perspective and persona through the social network. Not only do they share their interests and opinions regularly, but following VCs and angels on Twitter is also useful for industry research, as most investors often share interesting articles daily.”
“We are raising our first round of financing right now and targeting investors who bring expertise in our growth areas. Quora has proven to be a surprisingly strong way to uncover potential investors. We search by the topics that are relevant to our future (i.e. ‘online customer acquisition’). Someone with 50+ up-votes on a relevant topic knows what she or he is talking about!”
REFERRALS FROM OTHER ENTREPRENEURS
“In the same way VCs typically do not take ‘cold’ meetings with entrepreneurs, entrepreneurs should never take a meeting with a VC without a strong referral from another entrepreneur. At the end of the day, you want to know if a prospective investor is someone you’d want to work with in the long run. The best way to find that out is by talking to other entrepreneurs.”