Sounds more like a group of angels than the formalized process that characterizes YC and others?
Hopefully the gap they're going for is the $50k-$250k gap since < $50k is easier with friends/family and > $250k is closer to a regular angel round.
Interesting to see it's not based out of Silicon Valley. Was at a panel on Saturday about angel investing and the scene is certainly a lot more geographically distributed than I'd realised.
Sounds more like a group of angels than the formalized process that characterizes YC and others?
Hopefully the gap they're going for is the $50k-$250k gap since < $50k is easier with friends/family and > $250k is closer to a regular angel round.