Funding Process Self Assessment
Before submitting your business plan for our consideration, you must determine if angel capital, and specifically capital from our group, is right for your company. See Angel Investing Overview.
Online Application
Applications for funding should be submitted on-line at least thirty days prior to the San Joaquin Angels investor meeting at which you would like to present your proposal (see Meeting Schedule on this web site). Entrepreneurs should complete the online registration and summary. In addition, entrepreneurs must attach an executive summary of their business plan to this online registration. The executive summary should be NO MORE THAN FIVE PAGES (including attachments, appendices and exhibits) containing information on the subjects identified in the Submission Content link on this page. Materials in addition to the five-page executive summary can be attached but may not be reviewed or considered at this time. The five-page business plan outline (submission content) is designed to extract the most important details about your business, allowing our Screening Committee to decide if your company should: a) be invited for an initial screening presentation; b) be referred to one of our partners for help in evolving your business plan; or, c) be turned down as unlikely to receive funding from our members.
Screening meeting
After reviewing your business plan, our Screening Committee will determine if your idea could be of interest to our members. If you succeed, you will be invited to present to the Screening Committee. Be prepared to deliver a 20-minute investor presentation and answer questions posed by this group for an additional 5-10 minutes.
Presentation to Membership
Following the screening meeting, you may be invited to make your presentation to our full membership. Prepare to deliver a 20-minute presentation and address questions for an additional 5-10 minutes.
Due Diligence
If there is sufficient San Joaquin Angels’ interest in your business, those interested Angels will proceed to conduct due diligence. During due diligence, interested Angels will verify the statements made in your business plan, presentation, and financial projections. They will thoroughly research your team’s background and track record. If you play an active role in facilitating this process, it will help to expedite a final investment decision. Companies undergoing due diligence may also be required to assist with the preparation of, and pay all or part of the cost of preparing an externally produced due diligence report that the San Joaquin Angels can use to help assess the investment potential of the company.
Term Sheet Negotiation
After successful completion of the due diligence process, Angels interested in investing will present a term sheet that defines the structure of the investment deal, including nature of the equity position, board of directors representation and any other issues using industry standard terms and provisions.
Funding and Beyond
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal 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. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.
Before submitting your business plan for our consideration, you must determine if angel capital, and specifically capital from our group, is right for your company. See Angel Investing Overview.
Online Application
Applications for funding should be submitted on-line at least thirty days prior to the San Joaquin Angels investor meeting at which you would like to present your proposal (see Meeting Schedule on this web site). Entrepreneurs should complete the online registration and summary. In addition, entrepreneurs must attach an executive summary of their business plan to this online registration. The executive summary should be NO MORE THAN FIVE PAGES (including attachments, appendices and exhibits) containing information on the subjects identified in the Submission Content link on this page. Materials in addition to the five-page executive summary can be attached but may not be reviewed or considered at this time. The five-page business plan outline (submission content) is designed to extract the most important details about your business, allowing our Screening Committee to decide if your company should: a) be invited for an initial screening presentation; b) be referred to one of our partners for help in evolving your business plan; or, c) be turned down as unlikely to receive funding from our members.
Screening meeting
After reviewing your business plan, our Screening Committee will determine if your idea could be of interest to our members. If you succeed, you will be invited to present to the Screening Committee. Be prepared to deliver a 20-minute investor presentation and answer questions posed by this group for an additional 5-10 minutes.
Presentation to Membership
Following the screening meeting, you may be invited to make your presentation to our full membership. Prepare to deliver a 20-minute presentation and address questions for an additional 5-10 minutes.
Due Diligence
If there is sufficient San Joaquin Angels’ interest in your business, those interested Angels will proceed to conduct due diligence. During due diligence, interested Angels will verify the statements made in your business plan, presentation, and financial projections. They will thoroughly research your team’s background and track record. If you play an active role in facilitating this process, it will help to expedite a final investment decision. Companies undergoing due diligence may also be required to assist with the preparation of, and pay all or part of the cost of preparing an externally produced due diligence report that the San Joaquin Angels can use to help assess the investment potential of the company.
Term Sheet Negotiation
After successful completion of the due diligence process, Angels interested in investing will present a term sheet that defines the structure of the investment deal, including nature of the equity position, board of directors representation and any other issues using industry standard terms and provisions.
Funding and Beyond
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal 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. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.