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Re: [newtech-1] Gust - Thoughts?

From: Yaniv S.
Sent on: Thursday, March 7, 2013 3:13 PM
Chris,

Our life science-focused angel investor group has been experimenting with the Gust platform for a few months now.

The folks at Gust helped us upload and customize our presence on the site, but it is still quite a rigid format. There are several things we wanted to do which were impossible, for which we still have to send applicants to our website.  More changes/features were promised in the near future.

So far we received very few applications through the Gust website.  Of those that were received, more than half were received from companies that didn't even bother to read our investment criteria, and some just did a blast mailing to all the angel groups on Gust.  We consider both of these types of approaches SPAM, and, because of that, we didn't even bother responding to them.  So far, only a small amount (less than a handful) of applications were received that actually were within our investment target.

Gust membership for our group is now provided as a no-cost option through our membership in the ACA (Angel Capital Association), so we will maintain our presence there and hope for better deal flow.

Hope this helps.

If you are an active investor and have an interest in investing in life science companies, please contact me off-line.

Best,

Yaniv


On Mar 6,[masked]:52 PM, "Chris Vitale" <[address removed]> wrote:
Has anyone used Gust? Thoughts?

Chris




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