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Waste of Time
Fund: Boston Harbor Angels
Posted by gater1 on 2013-03-30
I've pitched to half a dozen angel groups in New England with a solid track record of getting into due diligence (6/6) and term sheets (5/6). Harbor stands out as the least engaged and laziest group by far. After pitching, I got a favorable response and a list of members who were interested in learning more and/or participating in due diligence. Not one followed up.
All the other angel groups were proactive in assigning deal leads and were active in managing the dd process. Harbor were content to sit back and see how all the other discussions developed and put the onus on me to organize discussions with them.
Every angel group has its own culture. The atmosphere at the Harbor pitch events is fun (the lead acts more like an emcee than an vc), and it's clear that there is a strong social element to the group. Unfortunately, it's clear that they are more of a country club than an investment club -- a sentiment that has been expressed in candid conversation with other angels.
PRIVATE: Members OnlyBig Time Waster, Tire Kickers
Fund: Boston Harbor Angels
Posted by An OnlyMouse on 2013-02-04
Oooh take the money and run. Make the members pay for entrepreneur pitches and then maybe they'll be more serious.
PRIVATE: Members Only (233 Characters)Waste of Time
Fund: Boston Harbor Angels
Posted by BostonBread on 2012-05-31
I pitched recently and found the process and the group to be a waste of time. The entire group is a bunch of tire-kickers. I don't have to worry about them reading this post because they have never heard of The Funded or the Internet.
Their process is a 10 minute pitch followed by a 10 minute Q&A session. You first need to be selected by the screening committee. If you are selected you have to pay $400 to pitch the main group - a total asshole move.
Checking past fundings I could only identify one, maybe two, companies that were funded in the last 12 months.
PRIVATE: Members Only (369 Characters)