| Angel Investor Group Profile |
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The Huntsville Angel Network is an organization of accredited investors and companies established in 2005 at Huntsville, Alabama. With a common interest in angel investment, the group works together in facilitating the advancement of the angel investment business in the Alabama region. By doing so, the group also helps achieve economic growth in the area. The group has an average of six to ten investments annually. Huntsville Angel Network is supported by leading business services firms in Alabama, such as: Biztech; Jim Hudson; Lanier, Ford, Shaver & Payne, PC; Beason and Nalley, PC; and Sirote & Permut, PC. The group is also a member of the prime organization of angel investment groups in North America, which is the Angel Capital Association.
Huntsville Angel Network membership has reached over forty within the past two years. These members are composed of individual accredited investors, service providers, angel investors, investment companies, and other individuals who are interested in investment. Members boast of significant experience, expertise, and knowledge in the fields of technology, biotechnology and energy. In every investment deal, each member invests a minimum amount of $5,000, and a maximum investment of $50,000. In a given year, a member participates on an average of one to four investment deals. The group is managed by the members themselves who serve as the board of directors, screening committee members, due diligence committee, and members of other committees that may be organized as the need arises. Membership to the group is divided into three levels. These are the individual investor membership, affiliate membership, and sponsoring membership. Interested parties should contact the membership committee for the complete membership application package details.
Huntsville Angel Network's typical investment deals range from $250,000 to $750,000 per company. A prospective company should be on the start-up stage, have a high growth potential, and located in the Alabama region. It should also have the capacity to provide at least five to ten times the amount of return of investments within the span of four to six years and a highly viable exit strategy for the investors. The group prefers a company who is engaged in the fields of information technology, biotechnology and life sciences, aerospace, transportation or energy although, those companies of other nature may still be given consideration provided they meet the other essential requirements.
Companies that are interested to seek funding from the Huntsville Angel Network should submit an application through an online registration system on the group's website. Through this system, the prospective company can also submit their executive summary, business plan and other important documents. Upon registration, a non-refundable application fee of $100 is charged. All applications will be reviewed by the screening committee. Any company that will incite interest from the group will be invited for a twelve-minute business presentation and fifteen-minute panel discussion. After the presentation, the group will perform a due diligence process for further evaluation. The terms and agreements will be negotiated for the final investment.
Huntsville Angel Network Website
Companies that are planning to apply for angel investments will find the Huntsville Angel Network website very practical. Aside from the fact that all the necessary information are provided, such as the investment criteria, funding process and the like, it also provides an online system of registration which is provided by AngelSoft. This system allows applicants to register and create their own profiles. They can also submit supporting documents for their funding application. If they were not able to finish their application in one sitting, they can still access their profiles by logging-in to their accounts through a user name and password. For prospective companies or other interested individuals who are not that familiar with angel investment, the site also provides information about angel investment. This can also help companies to assess themselves if they really need angel investment or if they are ready for it.
To further be acquainted with the angel investment group and their credibility, prospective companies can view a brief history and background of the Huntsville Angel Network on the website. The list of the board of directors and sponsors are also provided. There is also a members page that features some of the investment group members and their profiles. The qualifications, duties, and responsibilities of membership are all explained in a page for angels. The website also has a resource page wherein links to other websites can be accessed. These pages are important specially to those who are interested in angel investment. A frequently asked questions page is also provided for easy access to important angel investment details. For those who need to contact the investment group for further inquiries, they can access a contact page on the website. It provides an electronic and physical addresses, telephone numbers and the executive director's contact details.
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| Angel Investor Group Profile |
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