| Angel Investor Group Profile |
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Founded in 2000, Sacramento Angels investment group is comprised of senior executives, professional lawyers, successful entrepreneurs, and investors from different industries in business. The group aims to provide seed capital to start-ups and post-seed investment to companies that promise huge market opportunities and substantial growth in emerging technology-based ventures. The outcome of a merger of two angel investment groups, Sacramento Angels focuses only on technological industries in Northern California.
Members are equipped with diverse backgrounds and experiences in business to promote and uphold the group's vision of constantly raising funds, building team seminars, and helping seed investments with profit-generating strategies. In this light, interested members must be accredited investors based on the guidelines set forth by the Securities and Exchange Commission.
After reviewing submitted business plans, the Sacramento Angels Selection Committee convenes two weeks before the monthly dinner meeting to choose the final list of companies who passed their investment criteria. The group meets 10 times a year or roughly once a month to scrutinize two or three business plan presentations of aspiring entrepreneurs. Every member is entitled to make decisions concerning a specific investment and act in the interest of the group.
Sacramento Angels clarifies that the group does not provide any consultation, expert advice, guidance, or recommendation unless the start-up company had passed the selection process during the monthly presentation.
The Sacramento Angels investment criteria are as follows:
*Company operations and head office must be located in Northern California.
*Company's initial funding needs must not exceed $2M and the said investment must be used to achieve significant milestones and to further attract potential investors.
*A strong management team, may not be necessarily complete, with competency and outstanding track record.
*An efficient business model and sales strategy to induce wide profit margins and sustained market growth.
*A potential business that can grow for as much as $50M to $100M in yearly sales and revenues over the company's initial 3-5 years.
As members meet almost every month to deal with business presentations of shortlisted companies, interested start-ups must be familiar with the group's schedule and dinner meetings (place and time) which are listed on their website. Sacramento Angels requires three important things upon consideration of business proposal: 1) a duly accomplished Information Form available on the website; 2) Executive Summary sent online; and 3) a non-refundable $250 payment fee. In addition, entrepreneurs must be aware that Sacramento Angels does not sign to any confidentiality or non-disclosure agreements (NDAs); it's the start-ups primary responsibility to filter proprietary information on his executive summary, business plan, elevator pitch, or presentation.
Right now, Sacramento Angels had successfully supported 26 technological companies across Northern California that include CustomerLink, Mobius Technologies, NovaCal Pharmaceuticals, Sierra Sciences, and WEBVIEW.
Sacramento Angels's Website
The website of Sacramento Angels is as straightforward and simple as its objective. The articles are compact, highly informative, and useful to any entrepreneurs who are interested in angel financing. In addition, the text provides just an overview of the group, and not a comprehensive and detailed discussion with regard to its history, track record, and milestones.
It is apparent that the group provides importance on areas that need to be valued based on their objectives -- membership and start-up application process. Interested members are given specific instructions and requirements if they wish to be part of the Sacramento Angels team. General guidelines and a step-by-step process are efficiently enumerated to help funding aspirants in submitting their application. Likewise, the group's portfolio of 26 companies is comprehensively presented with company descriptions and profiles.
However, the site does not specify contact information such as email address, phone and fax numbers, and head office address. Links are provided depending on the type of inquiry but by the time of writing, the links are not working.
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