NATIONAL NETWORKS
ACE-Net (The Angel Capital Electronic Network)
ACE-Net was developed by
the U.S. Small Business Administration's Office of Advocacy. Only entrepreneurs
who can sell security interest in their companies can enroll. There is an annual
fee to enroll -- fees vary by state. To find the ACE-Net branch in your state,
go to https://ace-net.sr.unh.edu/pub/carl.htm?TYPE=nws
Sweet Spot:
Although companies can raise up to $5 million in financing with ACE-Net,
the network may be most helpful to companies seeking up to $1 million.
No-Go:
Certain businesses cannot list on ACE-Net. These include businesses involved in the oil or gas industries, sole proprietorships, general or limited partnerships, joint ventures, and blank-check or development-stage companies.
Average investment
range:
$250,000 to $5 million
Number of angels/investors in
the network:
359
Contact:
ACE-Net
Dan Mitchell,
President
1895 Post Rd.
Fairfield, CT 06430
203-392-5881
danmitchell@ace-net.org
Angels With Attitude
Angels With Attitude has a committed pool of capital that they
call an "active angel fund." They invest in geographic areas where they have
members. That includes primarily the West Coast from Vancouver, BC, to San Diego
and the East Coast from Boston to Washington, DC. Angels with Attitude invests
in clean and renewable energy and conservation, environmental technology, clean
and sustainable transportation, healthy and organic foods and natural products,
and education -- all things that contribute to sustainability.
Sweet
Spot:
Seed and early-stage ventures that are economically,
environmentally and socially sustainable.
No-Go:
Don't send a
complete business plan to them as your first step. Instead, E-mail an Executive
Summary to the E-mail address below, and you will be notified if they want to
take a look at your complete plan.
Average investment range:
$75,000 to $250,000
Number of angels/investors in the
network:
25
Contact:
Angels With
Attitude
Kristin Martinez
6541
36th Ave. SW
Seattle, WA 98126
206-932-3850
kristin@activeangels.com
Investors' Circle
Nonprofit national network of angel investors,
foundation officers and entrepreneurs. Business that are reviewed by Investors'
Circle members must fall into at least one of the following interest areas:
community development, education, environment and energy, health, and women or
minority-led business.
Sweet Spot:
Socially responsible deals.
Average investment range:
$10,000 to $6.5 million
Number of
angels/investors in the network:
130+
Contact:
Investors' Circle
One Coleridge
St., Suite B
San Francisco, CA 94110
415-641-0204
inbox@investorscircle.net
University Angels
An online angel-investor network for alumni from the world's top
colleges and universities. You must be an alumnus of one of the network schools
to participate. The entrepreneur application process is handled entirely online.
If accepted, entrepreneurs pay a one-time listing fee of $199. The group has
developed more than 75 angel investor networks. To see whether your university is listed,
click here: http://www.universityangels.com/findyoursite.jsp.
Sweet
Spot:
Many of University Angels' deals are in the financial services,
health care, and technology industries.
No-Go:
Not an alumnus
of one of their affiliated schools? Forget it.
Average investment
range:
$250,000 to $3 million
Number of angels/investors in the
network:
2000+
Contact:
University Angels
James Marcus
50 Main St.
Suite 1049
White Plains, NY 10606
914-682-2025
jmarcus@universityangels.com
The Tribe of
Angels
A group of Jewish industry leaders who invest in companies primarily
in the United States and Israel. Operates as a business network and angel group.
A select number of start-ups are selected for presentation to investors, and
deals that do not qualify for presentation may still be eligible to network with
investors and other businesspeople in the group. Currently has operations in
Boston, California, Chicago, Connecticut, New York, and Israel.
Sweet Spot:
High tech and biotechnology.
Average investment range:
$50,000 to $1 million
Number of angels/investors
in the network:
300+
Contact:
Paul Allen
San Francisco, CA
paul@tribeofangels.com
415-710-0801
Gathering of Angels
Established in October 1996. A monthly meeting of
private, high-net-worth investors that provide seed-level financing to start-up and
early-stage firms. Since October 1996, the group has had more than 130
entrepreneurial companies present in Santa Fe alone, in front of a group that
averages 30 to 50 per evening. Twenty-nine companies have received some level of funding,
two firms have done up-mergers into a public shell, and three have received
venture-capital funding.
Sweet Spot:
Invests in
companies nationwide. Currently has investor groups based in Atlanta, Dallas, Hilton Head, Houston, Pebble Beach, San Francisco, Santa Fe,
Scottsdale, and St. Louis.
Average investment range:
$10,000 to $150,000
Contact:
Tarby Bryant
505-982-3050
tbryant@nm.net
