January 12, 2007

“The Weekly Chats are Awesome!”

I love talking to our AngelReady Members! Almost every time I talk to one of them, they are talking about how much they are enjoying the learning experience. It sounds like one of the most popular features of their membership is the Weekly Chat with an Angel webinar (click here to access the archive). I love them too.

Each week, we get the help of an experienced angel investor to present a webinar on a certain topic. For example, yesterday we had Greg Peterson give a webinar on Preparing Yourself for Investor Due Diligence. Greg presented for about 30 minutes after which we opened it up to our AngelReady members for question & answer. There were some great questions! Here are a few examples:

QUESTION: Under the “Financials section” of the Due Diligence binder, should the previous years be broken down into three-month periods or just end-of-the-year financials?

QUESTION: You mentioned a non-disclosure statement… I’m raising money from VCs — do we need to push for a NDA?

QUESTION: We have a company that has been around for just 5 months. Do our financials need to be audited or produced by an accountant or can we give them financials we’ve created internally?

QUESTION: You mentioned a non-disclosure statement… I’m raising money from VCs — do we need to push for a NDA?

QUESTION: Can you list a few specifics that you would expect to see in the operations section of Due Diligence Binder?

After 2 months, we have had some webinars on many valuable topics… including:

AngelReady Members: which event have you enjoyed the most? What topic would you like us to discuss?