The screening process of an angel investing group based in Massachusetts was investigated by analyzing review sheets for screened business proposals that were submitted in 2004. The primary reasons for rejection were ascertained for companies that did not pass into the presentation stage of deal assessment. Rejected companies were contacted in 2007 to determine the operational status, profitability, post rejection action, and source of alternate funding. Data showed that greater authority was given to screeners with industry specific expertise. Weak business plan, high competition, and a lacking market were the most highly cited reasons for rejection. Lastly, there was a significant survival rate for rejected companies due to the plethora of alternate funding sources.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Hilario, Jason C.
• Criddell, Ramona L.
• Jensen, Kristoffer Geert

Subject

• Industry

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-110207-134557

Keyword

• Entrepreneurship
• Risk management
• Marketing

Advisor

• Schaufeld, Jerome

Year

• 2007

Date created

• 2007-11-02

Location

• Worcester

Resource type

• Interactive Qualifying Project

Rights statement

• In Copyright