Comments on: Passive vs Active Angel Investing http://www.angelinvestmentjournal.com/2009/passive-vs-active-angel-investing/ Relevant news and information for angel investors as well as entrepreneurs seeking investments from angels and VC's. Mon, 06 Sep 2010 11:18:48 +0000 http://wordpress.org/?v=2.2.1 By: JC Gittens http://www.angelinvestmentjournal.com/2009/passive-vs-active-angel-investing/#comment-15635 JC Gittens Thu, 12 Nov 2009 15:18:39 +0000 http://www.angelinvestmentjournal.com/2009/passive-vs-active-angel-investing/#comment-15635 I live in the Caribbean and am keen to develop a very intimate, eco-friendly B&B, the first of its kind on this island. As such, I would like to see some advice on working with The Angel Investment Network, who owns sites such as www.angelinvestmentnetwork.ca, www.caribbeaninvestmentnetwork.com, and www.angelinvestmentnetwork.co.uk. We paid a fee to join this network. Within seconds of them charging our credit card, we were sent 2 potential angel investor contacts. It has been over 60 days and their "contacts" are highly unprofessional and upon contacting them, they ask for more and more money fees. We have nevery paid another dime since the initial fee of US$250. I would simply like to know who protects the entrepreneurs from getting 'tricked' by these seemingly professional and reputable companies, who apparently are getting away with a major scam. When I asked the Angel Investment "managers" - by email - to allow a successful entrepreneur who achieved funding through them to contact me so we could discuss his/her experience, I never received a reply. That was 40 days ago. Who can we report these scammers to? I live in the Caribbean and am keen to develop a very intimate, eco-friendly B&B, the first of its kind on this island. As such, I would like to see some advice on working with The Angel Investment Network, who owns sites such as www.angelinvestmentnetwork.ca, www.caribbeaninvestmentnetwork.com, and www.angelinvestmentnetwork.co.uk.
We paid a fee to join this network. Within seconds of them charging our credit card, we were sent 2 potential angel investor contacts. It has been over 60 days and their “contacts” are highly unprofessional and upon contacting them, they ask for more and more money fees. We have nevery paid another dime since the initial fee of US$250. I would simply like to know who protects the entrepreneurs from getting ‘tricked’ by these seemingly professional and reputable companies, who apparently are getting away with a major scam. When I asked the Angel Investment “managers” - by email - to allow a successful entrepreneur who achieved funding through them to contact me so we could discuss his/her experience, I never received a reply. That was 40 days ago. Who can we report these scammers to?

]]> By: Neil Lewis http://www.angelinvestmentjournal.com/2009/passive-vs-active-angel-investing/#comment-15631 Neil Lewis Thu, 12 Nov 2009 13:46:12 +0000 http://www.angelinvestmentjournal.com/2009/passive-vs-active-angel-investing/#comment-15631 Hi Brant - interesting post. What we've seen in the UK is a large level of interest - ie. joining the networks in 08 and 09, but not much follow through. I've seen attendence dropping off at since the summer - almost as if those that were looking for opportunities in the first part of the year have decided not to bother in the second half of the year. Regards Neil Hi Brant - interesting post.

What we’ve seen in the UK is a large level of interest - ie. joining the networks in 08 and 09, but not much follow through.

I’ve seen attendence dropping off at since the summer - almost as if those that were looking for opportunities in the first part of the year have decided not to bother in the second half of the year.

Regards
Neil

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