Part 2/11:
One of the primary reasons companies get eliminated from funding consideration is that they do not meet specific investment criteria. Most angel groups, including North Bay Angels, have clear investment theses that outline the types of companies they prefer. For instance, only U.S.-based companies are considered for investment, which means foreign entities are immediately disqualified. Founders must ensure their applications align with the established criteria before submitting, as a mismatch can lead to automatic rejection.