|Angel Investor Group Profile|
Based on San Diego, Southern California, Imporium Angels focuses on new technological industries such as telephony, biotechnology, radio frequency identification (RFID), information technology, software applications, medical equipment, and semiconductors. Imporium members are founders, co-founders, and former executives of their own companies who came from almost every sector of the industry. They are successful entrepreneurs, armed with unprecedented experience in high-risk businesses, who are willing to invest in start-ups with huge market potential. Likewise, their extensive pool of business networks opens to companies who passed their selection process; a move to show how they value young entrepreneurs and their investment.
Membership with Imporium Angels is by invitation -- its exclusive nature requires a referral from a current member of the group or an authorization as an accredited investor as stipulated in the Securities and Exchange Commission requirement.
What does Imporium Angels look for start-up companies before they invest? New technological industries with competitive management teams, strong market potential, and proprietary technology are the group's top priorities. Interested companies are required to fill up a standard form available on the Imporium Angels' website and submit their executive summaries online. As they are looking for the next big thing in the market today, Imporium Angels encourage clarity and substantial knowledge of their trade to be reflected on each company's executive summary. Consequently, the initial screening committee of the group goes over these submitted requirements every week to look for business ideas that fit their criteria. Executive summaries that passed the initial screening will then be examined by an elite selection committee who will further request for subsequent documents and business plan details from the entrepreneur. Imporium Angels invest on start-up companies for as much as $100,000 to $3.5M, with no fees collected.
In addition, start-ups must be informed that Imporium Angels does not sign confidentiality or non-disclosure agreements (NDAs). It is the primary responsibility of the entrepreneur not to disclose or to submit any proprietary information, whether on their executive summaries or by close meetings, to the angel investment group unless the term sheet is issued and signed.
Imporium Angels Website
The Imporium Angels' website is helpful in providing necessary information concerning start-up companies who might take their chances and apply for an investment. The introduction of the company's objectives, priority industries, and members are clearly stated on the home page of the site.
The selection process is also clearly defined on the Entrepreneurs page that includes deal requirements and expected investment amount. Since executive summaries are submitted online, interested parties can easily upload their file and fill up the submission form for screening purposes. In addition, the page provides useful tips to start-ups on how to attract angel investors on their business. The articles are well-written and encourages further reading because of the expert advice given by the Imporium Angels' members.
A Venture News column is situated on the right side of every page, and provides headlines of different venture events in the country. Accordingly, the headlines link to the full text articles for readers who are interested to continue reading.
The Resource Center page includes the Frequently Asked Questions (FAQ) text and helpful links to aid start-up entrepreneurs on their angel investment hunt or business plan preparation. The FAQ page contains relevant questions and specific answers about the present angel investment situation in the country, including statistics and figures, and the Imporium Angels' requirements in considering start-up companies.
In addition, the Contact Information page has an option to submit feedback and suggestions after filling up the necessary fields. This way, users can raise questions or 'clear things up' with the group regarding anything on the site. Office address, telephone and fax numbers, and email address are also included on the page to interested companies.
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|Angel Investor Group Profile|