The angel investor and venture capital markets are changing rapidly, and future regulation changes around equity crowdfunding and the rise of syndicates are likely to change it even further.

I try and explain that the days of $500K raises on nothing but a presentation are over for software businesses.

There are starting to be venture creation / foundry models¹ that optimize for working with founders from start to finish, but I don’t think this is a good fit for individual angel investments that don’t have other support structures in place.

This article was originally posted to LinkedIn on June 4, 2014.