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The following is a brief summary of the TiE SoCal Angels investment process:
Before applying your startup plan for our consideration, you must determine if angel capital – and specifically capital from TiE SoCal group – is right for your company. The angel investment criteria will be helpful to guide you through this process.
Complete an application form outlining the key characteristics of your company. A team of industry experts will review the application and determine if it is a good fit for our group. If it is deemed a good fit, then you will get a notification from Screening team.
Startup’s apply online via tiesocalangels.com. The startup will complete a Form and upload their deck and executive summary outlining the key characteristics of the startup. A team of industry experts will review the application and determine if it is a good fit for our group. If it is deemed a good fit, then the company will be invited for an initial online screening presentation.
Screening Team: Screening is held once a month and will consist of Team of Experts, Team members will review startups who all applied and score the startup’s based on their scoring, Startup’s will be invited for an online Screening, If they pass the screening then the selected startup’s will be invited for a Pitch at our Monthly Event or Quarterly Pitching Event.
Due Diligence Team
Startup’s who win the pitching event get invited to due diligence Process, interested investors will verify the statements made in your business plan, presentation, and financial projections.
They will thoroughly research your team’s background and track record, and will often conduct calls with customers and vendors. An initial discussion of valuation and terms will happen early in due diligence to make sure the two parties are within working distance of each other and that due diligence can proceed.
When all parties are satisfied with the terms and language contained in the term sheet, the term sheet is executed and full documentation is processed reflecting the terms therein, using standard NVCA- consistent agreements. But remember, closing the transaction is only the beginning of the angel funding process. Now you have access to a network of value-added contacts and experienced professionals who can provide essential guidance for the growth and success of your venture.