Companies that garner interest from prospective investors will proceed to a one hour Discovery session. The objective of Discovery is to spend more time with the entrepreneur and have the opportunity to ask questions and dig a little deeper on the key success factors for the company. Following Discovery, it will be determined whether there is enough interest to proceed. If we go forward, a deal lead will be determined, who will become the main liaison between the New York Angels and the entrepreneur, and Due Diligence will commence.
The entrepreneur does not have to prepare any additional information for Discovery. It is an opportunity to go into greater detail on their presentation and give a product demonstration if necessary.