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The Mock Angel Program is an intensive program to prepare ventures for serious investor consideration. To be accepted into the program a company must complete a Business Model Validation; once accepted, the entrepreneur gives a presentation to a Mock Angel panel, which consists of investors, entrepreneurs and subject matter experts. The panel responds to the presentation as a group of investors might with probing questions on the following areas of consideration:
The entrepreneur is provided extensive feedback and then works collaboratively with panel members to address areas where improvement is needed. Once the deficiencies have been addressed and the company successfully re-presents their investment opportunity, the panel votes on whether the business meets their graduation criteria.
Graduation means it is the opinion of the ITEN Mock Angels that the company has addressed all the big questions and have thought through their business well enough to ask for other people’s money. They have presented their value proposition effectively and have addressed issues raised in a convincing manner. They have worked intensively with ITEN mentors to prepare their company’s investor presentations. The consensus among the Mock Angels is that these companies are adequately prepared to present their companies effectively to prospective investors.