Angel groups generally have a structured approach to their operations:
Screening: Startups usually go through a rigorous screening process where their business plans, financial projections, and market potential are evaluated. Due Diligence: Once a startup passes the initial screening, a more thorough due diligence process follows. This involves examining the company's legal, financial, and operational aspects. Investment Decision: After due diligence, the members of the angel group vote on whether to invest in the startup. If approved, terms are negotiated, and the investment is made. Post-Investment Support: Following the investment, angel groups often take an active role in mentoring and advising the startup, helping them navigate challenges and grow their business.