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I don't disagree, but there aren't enough "experts in the field" to supply your proposed demand. In a typical diligence round, you usually have financial/accoun

• jacquesm 11y ago
  Assuming the angel has at least one of those skills will save some money and assuming that it's not a single person funding the round yes, that's precisely it, whatever skills the group of angels does not bring to the table they'll have to farm out. Otherwise you might as well go to the casino and put all your money on 'black'. Better odds that way. I used to work quite a bit for angels (I'm priced out of their range now I guess) and contrary to A rounds the number of bad deals proposed to angel investors is substantially higher. By the time you get to an A round there has already been a significant shake-out, all of which means some angel or group of them have lost a bunch of money. Contrary to what people believe angel investments are a lot harder to get right than later rounds. There are many more start-ups that die prior to receiving an A round than afterwards and the amounts are low enough that doing proper due diligence is not in the cards. But an abbreviated dd is (much) better than none at all.