Wouldn’t it be nice if there was one central database of angel investments and angel investors? YES. But unfortunately, it doesn’t exist. There are a lot of companies trying to become that central force, but no one has figured it out just yet. In the meantime, here’s three sites (out of the dozens out there), that might be of value to you.
- Investor Avenue – A Colorado-based online business where accredited investors, qualified purchasers, institutional investors, entrepreneurs, and service professionals in the private equity investment industry meet. InvestorAvenue.com remains philanthropic to the community with no fees for membership or use. **My Take: While it may not look to sexy, I think this is the best resource to quickly and easily see what you need to know about a potential angel deal. It is currently heavily weighted toward Colorado investors and investments, but is growing nationally.
- The Business Catapult – A collaborative platform for connecting investors and entrepreneurs. Aims to distill a startup business plan into a funding readiness metric that enables angels to make more informed investment and mentoring decisions. **My Take: There is definitely a learning curve to get started and many entrepreneurs complain about the arduous process to post an opportunity. However, once you’re in, it’s pretty good. It’s also heavily weighted toward Colorado investors and entrepreneurs, but growing nationally. If you want to be considered by the Rockies Venture Club, you have to submit your opportunity to the Business Catapult.
- Angel List – Probably the largest database of angel opportunities and investors. **My Take: I like it and I think it’s a great tool, but most of the angels I know in Colorado don’t use it. It also offers very limited information about each investment. All in all, it’s still a good tool.