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Q: What size investment will Twin Cities Angels consider? Every situation is different but typically, $50,000 to $2 million range (including our side-by-side funds). Q: How do I apply for consideration? See application instructions under "Selection Process". Q: How long does the screening process take? It varies depending on where we are in our monthly review cycle when you first contact us. It also depends on our assessment of your plan and presentation and our screening committee's judgment on your state of "readiness". After screening, we invite the best 1 or 2 opportunities each month to present to the membership. The fastest the cycle from receipt of your information to closing on an investment will be: - Screening: 2 to 4 weeks - At the conclusion, a decision is made to invite the applicant to make a presentation, or a feedback about observations on the materials presented - 2 weeks to present to full membership (note: all materials must be received at least 7 days prior to the presentation) Total 13 to 15 weeks. Q: What kind of company is Twin Cities Angels looking for? Generally, we are looking for fast growth in a well-defined space, a minimum $50 million business in 3-5 years, a plan to get there, opportunities that can return a 5-10x multiple to early stage investors. Q: What industries does Twin Cities Angels focus on? We focus upon industry in which we have expertise such as medical technology and information technology, but the characteristics of large size/growth and proprietary industry changing technology are common denominators. Q: What geographic region will Twin Cities Angels consider? The Twin Cities, greater Minnesota, western Wisconsin, Northern Iowa and eastern Dakotas companies. Generally, we will not consider companies based further than 300 miles from the Twin Cities. © Copyright 2009 Twin Cities Angels |
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