Investor Connect Podcast

Communicating With Members

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In running an angel group, it’s important to communicate your membership criteria and organizational structure to prospective members.

The website and associated documents should make clear not only the membership criteria, but also the process to become a member, and how the group is structured.

It also should make clear the process for membership application, acceptance, onboarding, and annual renewal.

The website and documents should include the following:

  1. Key people who lead committees such as deal flow screening, diligence process, new member recruiting, and other important functions. 
  2. Membership application and process to apply, including time frames for approval.
  3. Membership fees and other criteria for membership, such as minimum number of investments or number of led deals per year.
  4. Rules of conduct and membership agreements that members must sign.
  5. Schedule of events for the coming twelve months.

In addition to the website, members should have the opportunity to attend a meeting to learn more about the group.

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Direct download: communicating_with_members.mp3
Category:general -- posted at: 6:00am CDT