| Angel Investor Group Profile |
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The Mississippi Angel Network is an angel investment group established and administered by the Mississippi Technology Alliance. In the past, it was very hard for technology-based companies to progress because of the lack of funding resource in the Mississippi area. Thus, in the pursuit of boosting the economic progress of Mississippi through supporting technology-based industries, the Mississippi Technology Alliance formed the Mississippi Angel Network.
Members of the Mississippi Angel Network are composed of accredited individual and institutional investors in accordance to the guidelines and regulations of the Securities and Exchange Commission of the United States. Individual investors should have an individual or joint net worth of at least $1 million, or an individual annual income of at least $200,000 or a joint annual income of at least $300,000. While institutional investors should have members who are all accredited investors or has an organization net worth of at least $5 million. The group's membership is quite diverse. Members are of various fields and expertise and originates not just within Mississippi, but also from outside the state. Those who are interested in becoming members should directly contact the group.
The Mississippi Angel Network holds regular meetings in Jackson and Tupelo, Mississippi. The schedule of these meetings is usually once in the months of February, April, June, September and November in a year. The group can provide an investment capital that ranges from $500,000 to $5 million. Investment decisions are made by the members individually, and not as a group. They are inclined to invest on companies that are based on various fields of technology, such as software, life sciences, communications, and many others. Prospective companies should also be based in Mississippi or those that have operations within the region.
Applications for funding are being accepted by the Mississippi Angel Network through an online registration system that is available on its web page. This registration system enables every applicant to create a profile, as well as a user name and password for future application information updates. A prospective company should also submit a one-page executive summary and is charged $100 application fee upon registration. All applications will undergo initial screening by a Mississippi Technology Alliance staff. Companies that will pass this stage will be forwarded to the investment group's selection committee, which will pick out two to four companies who are qualified for a business presentation. The qualified companies will present on the group's regular meeting schedule. After which, the members of the group shall make their final investment decisions.
Mississippi Angel Network Website
The Mississippi Angel Network website is located within the Mississippi Technology Alliance website. This shows the vital role of each entity towards each other as they work hand-in-hand in achieving their goals. The website provides a history and background of the investment group in connection with the Mississippi Technology Alliance. Mississippi Angel Network is one of the services provided by the Mississippi Technology Alliance to support the growth of technology-based industries in the region. An explanation of the investment operations is also included in the website.
The Mississippi Angel Network's applications for funding are submitted through an online registration system powered by AngelSoft. This system will accumulate all the information that are necessary for application, that includes an executive summary. All the information will be generated to come up with a profile of the prospective company. The profile is user name and password-enabled, and can be accessed for further updates. An executive summary guideline is available on the website, which can be downloaded in a document format. A guideline for business presentation is also available in PowerPoint format.
The Mississippi Angel Network website provided the investment funding and investor membership information in its FAQ section. The contact information, on the other hand, is provided through links that provide a name of the contact person as well as an email address. Although the main website, which is the Mississippi Technology Alliance website, provides more contact details. Aside from the various contact persons and email addresses, there is also a physical address and telephone numbers available on the main website. A map is also included, as well as detailed driving directions. These contact details can also be used because as previously explained, the Mississippi Technology Alliance and the Mississippi Angel Network are closely connected.
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