At recent Gathering of Angels meetings, we have noticed that there is renewed interest in our Angels writing checks to our GOA presenting companies. During the Great Recession of 2018-2012, capital fundings from Angel Investors slowed considerably but GOA meetings continued in Atlanta and Santa Fe. With my relocation to Atlanta area, GOA concentrated on filling the room in Atlanta GA and now that the Recession is officially over, we continue to have GOA meetings in Atlanta, Hilton Head and Big Canoe, just north of Atlanta. Check writing Angels attend our monthly meetings and after hearing the 20 min PowerPoint presentations and 2-5 min of Q&A, they then meet individually with our presenters and get to know them and develop confidence that their investment dollars will be wisely spent. Often Angels will want to meet entire team, review financials, discuss current valuation, and talk to existing customers. This process is called “Due Diligence” and is a critical and expected part of Angel Investing process before they pull the trigger and write you a check.
Often when Angels write a check to a GOA presenter, they go on the Advisory Board and assist the entrepreneur with not only capital but wise advice and counsel. The latter can often be as valuable as the check written. Most Angels have made it in the business world and bring volumes of good suggestions, advice and C-suite contacts and referrals for both channel partners, new investors and team members to round out your current staff. Angel Investors can really help you grow your business in a multitude of ways beyond their capital investment. A wise Entrepreneur will capture this opportunity to connect with these check writing Angels by presenting at one of our Gathering of Angels events.
The Gathering of Angels is now in its 20th year and has found capital for 386+ young companies from 20k to 39MM and has a 75MM funding pending for close in early December 2015. If you are looking for an Angel Investor to jump start your business, contact Tarby Bryant, CEO and founder of GOA at 706-579-1080 or [email protected] www.gatheringofangels.com