Myths – Doesn’t it take a long time to get investment?

June 24, 2019

Not true – see above – the Angel CoFund tends to move at the pace of the syndicate and the round, which can vary significantly. There are a number of reasons why this can take longer than intended, but the most common sources of delay are:

  • That the investor syndicate is not ready to commit or there is no lead investor;
  • That insufficient capital is committed to meet a minimum level of investment;
  • That due diligence has not been completed;
  • That commercial or legal terms have not been agreed in detail with the company or other investors are disputing those terms; and
  • That legal documentation is not suitable and requires changes.

The above said, it should be noted that the Angel CoFund does require a level of formality and rigour in making investments and therefore does not fit with those angels who wish to take a very light touch approach. It does also require comfort that a minimum level of funding will be reached, and therefore does not support staggered closes, unless investing once the minimum has been exceeded.

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