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ANGELLIST-THE FUTURE OF INVESTING
Angel List is a free service used by start-up companies and investors to raise capital in a quick and efficient manner. With more than 7,600 introductions made before June 2011, this online to has linked over 800 start-up companies directly to more than 1,200 potential angel investors. Historically, obtaining funding from angel investors was a long and tedious process for entrepreneurs that often required multiple introduction within their investment network before they found an investor who was truly interested in their start-up, and even then it was not guaranteed that funding would be obtained. From an angel investor’s perspective, this informal network of connecting start-up companies with investors was equally frustrating and time consuming. Many investors voiced frustration at the process of attending meeting where the investor knew within minutes they were not interested in the start-up company, wasting the time and efforts of the investor as well as entrepreneur. Angel List solves these issues for both entrepreneurs and investors by cutting out the middleman and allowing investors and entrepreneurs to interact directly