Cambridge Angels are all specialists in bio tech and high technology,...
...so we only really invest in things that are in that subject area.
One of the great advantages of Cambridge Angels...
...is that we have people sitting around the table who have all done it before,...
...and who are all experts in particular fields.
That makes us able to see whether or not an idea is going to work.
But we have an investment criteria listed on our website,...
...so we can narrow it down.
But we have people of all ages,...
...from young students who are still undergraduates here,...
...all the way through to professors.
So, we often get some of the top professors in Cambridge or other universities pitching to us.
We also get people from London, we get people from Oxford,...
...we get people from all around the country that hear about Cambridge Angels...
...because we are one of the most active Angel groups in the country,...
...and they want to hear what we have to say,...
...or they just want to go through the process as a practice for some reason or other.
We get all types of proposals as well:...
...people wanting to raise a hundred thousand pounds,...
...some people wanting to raise seven million pounds.
Entrepreneurs come to us, or come to me, in very many different ways.
For example, I attend various meetings like Cambridge University Entrepreneurs,...
...or the Cambridge University Tech People,...
...various other presentations and so on,...
...or people refer somebody who is an entrepreneur to the Cambridge Angels.
And then, usually, we will put them through a two-stage process,...
...the first one of which is called an informal pitching,...
...that is, they get half an hour with something like ten or twelve Angels to discuss their idea.
If that's any good, a few months later, they can then go to a full pitch,...
...whereby they can actually then really ask for serious amounts of money.
