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Applying for Angel Funding
Part 1: An Angel’s Perspective
Jodi Collier
@LaunchpadVG
Charlie Cameron
@hubangels
Jennifer Rousseau Schwall
@TCNUpdate #TCNAngel
What are Angel Groups?
• Collections of Investors sharing deal flow and
diligence
• Most comprise individual investors, some are
funds
• Some have a specific focus
•
•
•
•
What are we looking for?
• High growth companies in a large market
• Great team
• “Unfair advantage”
• Disruptive business model
• Disruptive technology
• Network effect
• Green-field
• Intellectual property
How do we invest?
●
●
●
•
•
How do you find us?
Prior Investors
Other
Introductions
Accelerators
Incubators
Networking
venues
Websites
(useful ONLY when
determining ‘fit’ &
finding networking
leads)
What’s our process?
1. Prescreening &
Screening
Referral is the key to
entering the process
2. Pitching
10-20 min presentations +
Q&A
3. Due Diligence
Varies between
groups & deal leads
4. Term Sheet
Negotiation
This is setting a market
price NOT a valuation
5. Syndication &
Funding
6. Repeat
Angel Groups: Pros & Cons
●
●
●
●
●
•
•
Source: ACA
● Angel Investor Forum - East Hartford,
CT
● Boston Harbor Angels - Boston, MA
● Boynton Angels - Worcester, MA
● Cherrystone Angel Group - Providence,
RI
● Clean Energy Venture Group - Boston,
MA
● CommonAngels - Lexington, MA
● eCoast Angels - Portsmouth, NH
● ECS Angels - Bar Harbor, ME
● Edible Ventures Group - Boston, MA
● Golden Seeds LLC - Boston, MA, New
York, NY and San Francisco, CA
● HubAngels - Cambridge, MA
● Landmark Angels - Greenwich, CT
● Launchpad Venture Group - Wellesley,
MA
● Maine Angels - Portland, ME
● Mass Medical Angels - Brookline, MA
● North Country Angels - Burlington, VT
● Ocean State Angels - Providence, RI
● Pipeline Angels - Boston, MA
● River Valley Investors - Springfield, MA
● SideCar Angels - Wellesley, MA
● TiE Angels - Boston - Boston, MA
● Topstone Angels - Darien, CT
● UMASS Lowell New Venture Fund -
Lowell, MA
● Walnut Venture Associates - Wellesley
Hills, MA
Some Angel Groups In NE

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Applying for Angel Funding: An Angel's Perspective

  • 1. Applying for Angel Funding Part 1: An Angel’s Perspective Jodi Collier @LaunchpadVG Charlie Cameron @hubangels Jennifer Rousseau Schwall @TCNUpdate #TCNAngel
  • 2. What are Angel Groups? • Collections of Investors sharing deal flow and diligence • Most comprise individual investors, some are funds • Some have a specific focus • • • •
  • 3. What are we looking for? • High growth companies in a large market • Great team • “Unfair advantage” • Disruptive business model • Disruptive technology • Network effect • Green-field • Intellectual property
  • 4. How do we invest? ● ● ● • •
  • 5. How do you find us? Prior Investors Other Introductions Accelerators Incubators Networking venues Websites (useful ONLY when determining ‘fit’ & finding networking leads)
  • 6. What’s our process? 1. Prescreening & Screening Referral is the key to entering the process 2. Pitching 10-20 min presentations + Q&A 3. Due Diligence Varies between groups & deal leads 4. Term Sheet Negotiation This is setting a market price NOT a valuation 5. Syndication & Funding 6. Repeat
  • 7. Angel Groups: Pros & Cons ● ● ● ● ● • •
  • 8. Source: ACA ● Angel Investor Forum - East Hartford, CT ● Boston Harbor Angels - Boston, MA ● Boynton Angels - Worcester, MA ● Cherrystone Angel Group - Providence, RI ● Clean Energy Venture Group - Boston, MA ● CommonAngels - Lexington, MA ● eCoast Angels - Portsmouth, NH ● ECS Angels - Bar Harbor, ME ● Edible Ventures Group - Boston, MA ● Golden Seeds LLC - Boston, MA, New York, NY and San Francisco, CA ● HubAngels - Cambridge, MA ● Landmark Angels - Greenwich, CT ● Launchpad Venture Group - Wellesley, MA ● Maine Angels - Portland, ME ● Mass Medical Angels - Brookline, MA ● North Country Angels - Burlington, VT ● Ocean State Angels - Providence, RI ● Pipeline Angels - Boston, MA ● River Valley Investors - Springfield, MA ● SideCar Angels - Wellesley, MA ● TiE Angels - Boston - Boston, MA ● Topstone Angels - Darien, CT ● UMASS Lowell New Venture Fund - Lowell, MA ● Walnut Venture Associates - Wellesley Hills, MA Some Angel Groups In NE