New Investment matching service
I am doing some work for a business helping them raise finance through angel investors. And along the way I came across this new service, Angels Den, which appears to be sponsored by the Telegraph and a couple of VC angel network groups.
I will register to do some research into the angel side…. anyone want to volunteer to post a business plan needing funding to the other side in order to get a view on the proposition?
PS I do think the name SUCKS big time….. and I loathe watching Dragons Den. It’s a hyped version of reality made for TV, and I know that, but the whole programme puts my teeth on edge.
[update… here’s the spiel from the Telegraph. Sounds like a money making scam for whoever owns the website….
Angels Den has proven to be a great hit with business angels. More than 2,200 angels have registered, looking to invest an average of £136,000 each. Almost 100 entrepreneurs (including many Business Club members) have put their summaries on the site and more than 1000 others have registered. A further 120 have finished their summaries but are hesitating before investing their £99 fee.
I suspect that their hesitation will be quickly erased by news of Angels Den success. Many of the summaries have prompted qualified angels to ask for a full business plan (which costs an extra one-off £400 fee) and two dozen have moved on to the stage where they’ve met angels face to face at least twice.
October 11th, 2007 at 10:03 am
Hi Rebecca,
It was a pleasure talking to you.
I have submitted a basic outline of business plan to Angels Den and recieved an automated reply from them saying that my idea was among the “top 20%” of ideas and that I should proceed directly to the Business Plan stage. This all sounds very good, but what do I get for my 400 quid?
Other than a website generated e-mail there are no contact details or a telephone number which allows direct human contact.
I am sure that this is a legitimate enterprise and the people behind it are well meaning, but the parnoid devil in me has been stung by “too good to be true” internet based schemes before…
If you have any further info I would be grateful.
October 15th, 2007 at 3:37 pm
Struan - thanks for this. I haven’t replied until now because, finally, I have some information for you.
There is statutory registred company information here.
Angels Den, 35 Avenue Road, St Albans, Herts, AL1 3PY
Registered in England and Wales : Company no 5860475, VAT No. 893 2407 09
And an email Lois Cook lois@angelsden.co.uk and Bill Morrow billmorrow@angelsden.co.uk
The contact phone number for Bill is 07802 544197
Do post back to say what you found out.
Rebecca