Frequently asked questions for business angels

General

What's in it for me as a business angel?

We bring business angels and startups closer together by providing a clear investment portfolio overview for the one, and an easier, centralized reporting experience for the other.

How does it work?

Angels sign up and add their startups. Startups will then receive quarterly status update surveys from us via email.

These surveys are designed to require minimal effort, and should only take about 5 minutes to fill out.

What to expect from it?

In contrast to a regular reporting tool, we provide you with a one-stop solution for managing your startup portfolio.

For startups that send you monthly updates via email, this is a simple addition giving you a comprehensive and consistent overview of all your startups in one place.

Building on centralized updates, it can serve as a complete reporting tool for some startups (especially smaller ones).

What are the benefits for my startups?

So far we have focused on developing features for angels, though we do have a roadmap full of features for startups. But even with our current angel-centric feature set, startups can still benefit from their own dashboard, with a central overview of their KPIs.

For a young startup, our current offering may even be sufficient to cover all their reporting needs, as our surveys cover the most important information you need to share. It’s also the perfect corner stone for more complex reporting in the future. 

More mature startups can easily manage relationships with all of their angels from one place. They can keep their angels happy with a high-level overview of their current status.

Data collection

How do the status update surveys work?

The startups will receive only 4 status update requests via email per year. Each of these surveys takes about 5 minutes to answer. In case nothing has changed (e.g. no new fundraising) they can simply confirm the old data.

They only need to fill out one survey for all of their investors.

Do my startups have to pay for it?

No. The use is free of charge for startups.

How long does it take to answer the survey?

On average it takes about 5 minutes to answer the initial reporting survey. If they don’t have all their information ready at hand, it might take a bit longer.To play it safe, they should plan around 15 minutes for the first survey. However, subsequent surveys take less time to answer, since they are able to confirm historical data if nothing has changed since the last survey.

How often is the data updated?

Your startups will receive 4 reporting survey requests per year.

What data is collected?

We only ask for general financial and cap table information in monthly, yearly, and year-to-date entries.

Full list of collected data.
  • Reporting month / year
  • Employees (FTE)
  • Revenue
  • EBIT
  • Currency
  • Cash flow
  • Cash on account
  • Company shares
  • Financing round
    • Date 
    • Money raised
    • Pre-money valuation
    • Type (equity/convertible)
  • Angel shares
  • Angel investment

Usage

Can I change the update frequency?

Not at the moment. This feature is in the works, but right now we only allow quarterly updates.

Can I configure the dashboard myself?

No. We want to make the portfolio management process as simple and easy as possible for you as an angel. That’s why we limit the possibility for configurations; everything just works automatically.

Safety & data protection

Who can access my data?

We are comiited to make interactions as secure as possible for everyone involved. Your portfolio data can only be accessed by you. In addition, your startups control their own data individually and can grant or revoke access to their reports at any time.

What security measures are in place to protect my company data?

We designed our services according to state-of-the-art safety standards. Using industry leading managed services and servers located in Germany, the services offered are from the ground up as safe and secure as possible.

Is my data shared on the platform?

No. We take privacy very seriously. We know how sensitive your portfolio data is, and give you full control over who sees what. Our goal is to make your investing experience as easy as possible, and that ethos extends to your privacy and data protection as well. Your data is kept private and will only be used for analytics and benchmarking purposes if you explicitly agree to it (opt-in).​