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Q. If I attend the InvestIN Forum, will I be bothered by
consultants and/or service providers? |
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A.
Absolutely not. We work very hard to protect our members so that they can
feel comfortable in the company of peers. We maintain a strict policy that no
one should ask for a business card, but if it is offered then you may take it
of course. |
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Q. If my expertise is in one domain such as Real Estate, how
will I know how to judge an opportunity such as a medical device or
technology deal? |
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A. We try to offer
very diversified opportunities. As a member of InvestIN Forum, you will see a
wide variety of deals. While you may not understand all of these, other
members will understand those deals and can help clarify the value
proposition if you are interested. Many investors only want to invest in what
they know; this is also acceptable. Simply let us know your interests.
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Q. If I am interested in a deal outside of my expertise, how
will I gain a better understanding? |
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A. If you participate
in due diligence with someone who has domain expertise, over time you will
feel more comfortable diversifying your portfolio of angel investments. Our
members are very helpful toward each other. In addition, you may participate
in a Kauffman Foundation seminar or workshop.
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Q. I have never invested as an angel, but would like to investigate
these opportunities. What is the first step?
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A. Please contact your
local community president, and, if you qualify, we will invite you as a guest
to a meeting. After attending a few meetings, you can decide if you are still
interested and comfortable with the forum. Then, you simply fill out an
application and pay your membership dues. When you do join, take your time
before you invest in your first deal. Learn before you jump. Read the
recommended reading, join a due diligence team, then start small on a deal
that has a lot of traction. |
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Q. What is the minimum amount I can invest in a deal?
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A. Most deals have a minimum of $25,000. The average for
experienced investors is $25,000 to $100,000 with some angels making
individual investments of $250,000. |
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Q. Do I have to make a minimum number of investments in a year? |
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A. No, but if you are not making investments (i.e. cutting checks
), then we will question why you are a member and probably not renew your
membership. The InvestIN Forum is for active angel investors. |
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Q.
Will the Forum tell me what to invest in? A. No, you must make your own personal decision after performing
due diligence. |
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Q. If I decide to cease making angel investments, can I remain a member? |
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A. The InvestIN Forum is for active angel investors. |
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Q.
During a meeting can I ask questions and make comments? |
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A. We prefer you not interrupt the entrepreneur. We wait until
he/she is finished. Their presentation is normally twelve minutes in length
with eight minutes left for questions from the audience. After all the
presentations (and the entrepreneurs have left the room), as a group we
discuss the deals. Notes are taken so we may provide feedback (the good, the
bad, and the ugly) to the presenter. Members and possible future members are
invited to participate in this process. |
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Q.
May I contact any of the presenters after a meeting if I am not on a due
diligence team? |
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A. We prefer that you join the due diligence group. With many experienced
investors coming from diverse backgrounds, you will always benefit from
knowledge outside of your own expertise. |
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