| Angel Investor Group Profile |
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The Desert Angels is an investment group established in the year 2000 at Tucson, Arizona. It is a non-profit organization composed of accredited investors who work together in seeking quality investment opportunities on newly emerging companies in the local region. The investment group does not operate on a pooled fund basis. Instead, members are entitled to make individual investment decisions per investment deal and commit certain amount of investment from their own private funds. These members are of great credibility from their respective fields of expertise. They have either held key positions in large private companies, are entrepreneurs themselves, or are adept in the investment business. The investment group also engages into co-investments with other individual investors, angel investment groups or venture capital organizations.
Through the course of its existence in the angel investment business, the Desert Angels has been participating actively in sponsoring educational seminars, such as the "Power of Angel Investing" by the Kauffman Foundation. The group also supports the Eller College of Management of the University of Arizona, as well as its McGuire Entrepreneurship Program. Desert Angels is also a charter member of the largest angel investment organization in Northern America, the Angel Capital Association.
The Desert Angels currently has more than seventy members who has participated in over a hundred evaluations of funding applications annually. All members are qualified and accredited investors in accordance to the rules and regulations of the Securities and Exchange Commission of the United States. That is, an individual or joint annual net worth of about $1 million or more, or an individual annual income of about $200,000 or more, or a joint annual income of at least $300,000 or more. Interested applicants for membership and for other inquiries about membership requirements should directly contact the group's executive director, Mr. Bob Morrison via electronic mail or telephone.
On the other hand, companies that are interested to apply for funding from the Desert Angels are encouraged to send their executive summaries, as well as other application inquiries to Mr. Max Anhoury via electronic mail. The group is not very particular with the technological aspect of a prospective company, and is open to companies of varied industries, provided that they meet the group's qualifications. A company that will pass the initial review will be requested to fill out a questionnaire. A screening panel shall further evaluate the company thereafter. If the company qualifies, a formal business presentation to the entire group membership shall be requested. An average of one or two business presentations are usually held during the group's scheduled regular meetings. A presentation fee of $250 is required of each company and an indemnification agreement shall also be signed by each company prior to the business presentation. The monthly dinner meetings are usually graced by key speakers in the investment business and an opportunity for prospective members to attend as guests.
Desert Angels Website
The Desert Angels home page presents a very short and simple description of the investment group. The name and contact details of the executive director are also included on the page. Another page provides the historical background of the investment group, as well as the schedule of their regular meetings. The agenda and menu of an upcoming general meeting is also regularly posted on the page. It is usually posted a week before the scheduled meeting. A page for business plan submissions is also included in the website. It provides a brief explanation of the submission process and other application requirements, such as the presentation fee. Funding applications can be submitted to a contact person indicated on the page through an electronic mail.
For those who are aspiring to become members of the Desert Angels, they can access a page where a short explanation about accredited investor requirements is included. They can also email or call the executive director for further inquiries about membership requirements. The executive director's contact details are also available on the same page. A log-in page is also provided for current members of the Desert Angels. Members can key-in their passwords to be able to access the group's database of information and other important electronic materials. This page is an encrypted and secured connection in accordance to the regulations of the government.
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