Entrepreneurs

21 October 2010 By First Angel Network 0

Benefits to Entrepreneurs

Large Capital Source: The First Angel Network members have financial means and investment/business experience. Each member brings the ability and willingness to invest in promising companies, while understanding the inherent risk. By bringing these top local investors together, entrepreneurs are able to save time by going to one group to raise capital for either special situations or for the difficult funding gap between founders/friends/family start-up capital and venture capital.

Broad Pool of Knowledge & Contacts: Each member of the First Angel Network has extensive investment and/or operational business experience. This experience spans a number of industries. Many FAN members want to contribute their experience, and their contacts, in addition to their capital, when they decide to invest in a company. This resource helps entrepreneurs accelerate the growth of their companies.

Efficient Process: FAN has established an efficient process for entrepreneurs to raise capital from a diverse group of investors. For presenting companies who attract interest FAN management becomes the entrepreneur's main point of contact for the rest of the process, including company evaluation, negotiation of valuation and terms, organizing investor meetings and managing the closing process.

Capital Connections: FAN is continuing to expand its network of individual Angel investors. By co-investing with regional, early-stage VC funds, and incubators FAN helps entrepreneurs raise sufficient capital to launch their offering or expand their market. As the company achieves its milestones, FAN may provide introductions to later stage VC funds, corporate investors, and strategic partners to raise the next round of capital or attract an acquisition offer.

The goal of the First Angel Network Association is to identify and invest in, and help grow companies with extraordinary potential. We have established a process that helps select entrepreneurs present to, and potentially raise capital from, a group of Atlantic angel investors. This process is designed to enhance the benefits of working with angel investors efficiently.

In order to receive consideration to present to the First Angel Network Association, your company must first download and review the funding process and submit the appropriate documentation.

Funding Process Form

In the box on the right are several links to funding application forms.  What is key to First Angel Network is the completeness of the information, not necessarily the quantity.  After applications are reviewed, we may contact you to request more information. This process may take a few weeks, so please be patient.

Only one company is selected to present at each First Angel Network Investment Meeting, and there is no guarantee of funding. Each individual Angel investor in the group makes their own investment decisions. It is therefore strongly recommended that you view this as only one possible avenue for investment and continue to pursue all other avenues until your financing goals are met. If you are chosen to present to the First Angel Network Association, we will work with you to ensure you have a solid presentation. If you are not chosen to present to the Network, we will provide you with the reasons and suggestions to make you investment ready.  As well, your application will be kept confidential. 

Valuable Information

Thank you for considering the First Angel Network Association.