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Applying for Angel FundingPart 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?
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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. Pitching10-20 min presentations +
Q&A
3. Due DiligenceVaries between
groups & deal leads
4. Term Sheet Negotiation
This is setting a market price NOT a valuation
5. Syndication & Funding6. Repeat
Angel Groups: Pros & Cons
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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