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Members must give an indication to the Syndicate of the amount that they are likely to invest, subject to the results of the due diligence investigation, prior to the commencement of any due diligence by the Syndicate.

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Angels are investors not lenders, hence they expect more that simply to get paid back with interest by entrepreneurs.

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Beware the angel investmetn agreement burn down a down and management. In my view, some angels have an optimistic view on exits because of skewed information: you will often see press releases about the successes, but hardly any about the failures.

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If expression of interest to invest all investors will carry out aspects of a more detailed due diligence.

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