The Angel Fund considers several key factors when evaluating potential investments. These include: whether the entrepreneur and investment committee understand the industry; the product or service is readily marketable with proven demand; it offers unique benefits and competitive advantage; can be produced cost-efficiently in small quantities; is not highly capital intensive and the fund's investment is sufficient to fund the next growth stage; the business can become self-sustaining and has an identifiable exit strategy within 5 years. The fund also evaluates corporate governance, legal protections, and expects a minimum 35% annual return.