AngelList is an online platform for startups to raise fund, angel investors to provide capital for business startups, and job-seekers to apply and work for tech startups.
It was started by Nivi and Naval who founded companies like Epinions, invested in Twitter and helped startup companies backed by Sequoia, Benchmark, and Kleiner.
Free For Startups But Not For Investors
Startups need not to pay anything to get listed on website whereas investors pay 5 percent of their investment’s value to AngelList.
The platform democratizes the investment process. It provides an online introduction board for tech startups in need of seed funding. With this online service startups can raise money from angel investors free of charge.
Fundraising, Job Openings & Recruitment
Startups may post details about their service, founding team, and info about their fundraising plans. Whereas approved investors may search for startups based on their location, browse more details about them and back them.
The system also allows startups to post details on job openings and use AngelList to recruit potential employees. Interested candidates may create their profile and browse through jobs and employers, or search using the filters.
How To Use AngelList?
AngelList works from the domain Angel.co. Simply start by visiting the website’s home page and select how you like to use the service:
- For finding a job
- For posting a job vacancy
- For raising money for your startup
- For investing in business startups online
Select an option and it will take you to account creation page. You can signup via email or use your Facebook, Twitter or LinkedIn account. Once your account is created, you would be able to connect with startups, find investors or recruit talent for free.