|Angel Investor Group Profile|
Since its foundation in 2005, the Midwest Venture Alliance (MVA) remains as one of the prime movers in angel investment throughout Kansas and nearby states. Its network is a team of ace entrepreneurs, senior executives, and accredited investors whose mission is to support start-up companies by providing seed capital and expert advice in enterprises with great potential to penetrate their market. MVA focuses on technology companies and invests from $250,000 up to $2M. As an affiliate of the Southeast Kansas Venture Alliance (SKVA), MVA manages its investment process, recruitment, and operations in its head office located in Wichita, Kansas.
Aside from providing equity investment, the group creates a forum where young entrepreneurs and professional investors collaborate and share their skills in entrepreneurship. Thus, it promotes economy development through diverse opportunities given to both the young and the old in business. MVA members leverage their capital, knowledge, and resources in early-stage companies that guarantees a high return on their investments within a specific period. In addition, members are directly involved in reviewing executive summaries and choose qualified proposals from them. The network fosters an environment of shared interest and resources to facilitate the process of closing significant deals. Consequently, the group continues to provide management guidance to its portfolio companies in terms of follow-on funding and operational decisions. MVA investment is independently managed by its members -- it is not a pool of funds. In relation, investors perform due diligence and request business reports from entrepreneurs to study their market and the risks involved.
For entrepreneurs who are interested to apply for funding, MVA seeks early-stage companies that can generate an annual revenue of $30M. That means disruptive business ideas equipped with market opportunities and strong proprietary technology. In addition, the group requires a compelling marketing plan, exit strategy, and a competent management team. Conversely, MVA also considers investing in start-up companies with similar qualifications from Colorado, Missouri, Texas, and Oklahoma.
The Screening Committee reviews each application and determines its eligibility. Entrepreneurs who passed the selection process will present to MVA members for further assessment wherein a $250 presentation fee is applicable. Due diligence will proceed if members recognize the potential of the business. Consequently, a term sheet of agreement will be issued as well as negotiations between the investor and the business owner.
MVA does not commit to any non-diclosure or confidentiality agreements. In line with this, applicants are reminded not to disclose proprietary information in their proposals. In some cases however, an NDA is negotiable based on the track record and milestones of the portfolio company.
The network's elite sponsors include the Wichita Technology Corporation, Commerce Bank, Grant Thornton, and Foulston Siefkin.
Midwest Venture Alliance Website
The Midwest Venture Alliance website is exceptional. The articles cover a diverse range of topics that are useful to both investors and entrepreneurs. The investment process is discussed sufficiently as well as the funding criteria set by its members.
To add, the site provides profiles of its founding members and sponsors. This information gives an overview regarding MVA's competency as an angel group as well as its focus industries and prior experience. Upcoming events, press releases, and business articles are also accessible to browsers. Furthermore, it includes links to various resources such as investor firms, entrepreneurship basics, and venture capital groups.
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|Angel Investor Group Profile|