Good post by Chris Rodde, CEO of retirement home finder-portal Senior Homes on their recent $1.1m A-round fundraising process. A useful summary for people navigating this maze, such as the helpful explanation of different types of risk to manage, and down-to-earth advice, such as 'be dogged, not desperate'.
Interestingly, he's critical of the role played by angel networks, in particular because your proposal may end up in competitors' hands. I think that issue is being somewhat solved by the use of more nuanced online tools such as Angelist which now allows you to hide your proposal from potential competitors.
Worth a read if you're thinking about raising capital.