Skip the angel group.
if you are solving a coordination problem and are already connected to angel group, this could work and work well. Also, there are great new networks to plug into, like https://www.makingblackangels.org/, https://pipelineangels.com/ which are both under Jill Johnson's https://www.weareifel.org/.
If you aren't already in contact with a group of active angel investors writing checks, be prepared for a 18-48 month fundraise to launch a fund that you have discretion to quickly fund entrepreneurs with just management-level (GP) authority.
if you are solving a coordination problem and are already connected to angel group, this could work and work well. Also, there are great new networks to plug into, like https://www.makingblackangels.org/, https://pipelineangels.com/ which are both under Jill Johnson's https://www.weareifel.org/.
If you aren't already in contact with a group of active angel investors writing checks, be prepared for a 18-48 month fundraise to launch a fund that you have discretion to quickly fund entrepreneurs with just management-level (GP) authority.