|Angel Investor Group Profile|
The Bay Angels is an organization of private investors, industry professionals, business leaders, and seasoned entrepreneurs that supports early-stage technology companies in Southern Massachusetts, Rhode Island, and Cape Cod. The group looks for innovative enterprises with growth potential that can create market opportunities in the region. Likewise, the Bay Angels provides a forum where fledgling entrepreneurs are "incubated" and developed by talented investors to help them in building successful businesses in the years ahead. This healthy partnership results to a diverse business community and significant economic growth.
Typical seed investment ranges from $100,000 to $500,000. Follow-on funding may be mediated by the network members using their syndicate groups based on the potential of each company.
What follows is a rundown of the group's investment criteria for aspiring start-up companies:
*Enterprises that cater to wide markets and consumer needs
*A strong and competent management team with substantive experience in the company's target market
*Sustainable business growth and scalability
*Well-articulated marketing plans that will discuss how the company can increase its annual profits and revenues
*A plan on how the seed investment will be used to achieve initial milestones of the enterprise
*Ventures with unique advantage such as proprietary technology, patent, intellectual property, and easy market entry
*Entrepreneurs who are willing to be coached and given professional mentoring
*A well-defined exit strategy
Interested entrepreneurs are asked to fill out the application form available on the Bay Angels website and attach an executive summary of the proposal. Shortlisted ventures are contacted to submit necessary requirements and present in one of the group's dinner meetings. In this assembly, members determine whether due diligence is necessary or otherwise. Term sheet will be issued prior to the closing of deal.
Network members are accredited investors based on the guidelines specified by the US Securities and Exchange Commission. They are directly involved in the funding process and streamlining the deal flow in potential investments. In addition, they also share networks with fellow members to assist in subsequent funding of their portfolio companies and gain access to their resources. Aside from providing equity investment, members also guide their portfolio companies in management decisions, deal sourcing, marketing plans, and attracting venture capitalists.
Bay Angels' members meet every month to discuss investment status, future plans, membership, and administrative concerns. Primarily, members discuss the potential of each proposal and come up with plans on how to increase the return on their investments.
The Bay Angels is a charter member of the Angel Capital Association (ACA), North America's foremost alliance of angel groups that focuses on the development of angel investment across the United States and Canada.
Bay Angels Website
For start-up companies in the Cape Cod region and nearby states, the Bay Angels provides unparalleled business opportunities for investment and professional mentoring. The articles included on the site regarding the group's history, objectives. and track record are well-written and substantial. Likewise, the intention of the group is clearly stated. The investment process is discussed sufficiently as well as the funding criteria for early-stage ventures. On the other hand, members who plan to invest as part of the group are provided with information with regard to membership requirements, benefits, and SEC regulations.
The site includes a list of network members and their previous experiences in the business.
In addition, young entrepreneurs who are new in the angel investment industry are guided by informative articles about almost everything related to angel financing: from basic to complicated issues. Links to business articles, current events, regional activities, and investment organizations are provided as well.
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|Angel Investor Group Profile|