| The ideal angel has a desire to be an active mentor to entrepreneurs, drawing on personal experiences to provide advice and guidance. Angels become members of The Dallas Angel Network not only to earn a return on capital, but also because they are collaborators whose philanthropic mindset drives them to help others. Making successful investments is important to angels, but their real motivation is launching successful ventures. Angels are not silent investors; they take an active role in the continued development and growth of the companies in which they invest.
To become an angel, send an email to angels@dallasangelnetwork.com.
Value
Proposition for Angels
The Dallas Angel Network creates the optimal
environment for angels and entrepreneurs to
collaborate and close deals in the following
ways.
- Industry Focus
for Angels: Although The DAN is
industry agnostic and works with any business
at any stage, we provide all of our angels
with a one page summary of the two to
three businesses that will present at
each meeting. This lets the angel determine
ahead of time what meetings he/she would
like to attend, so no time is wasted listening
to businesses that do not fit a particular
angel’s investment criteria.
- Entrepreneur
Preparation: Before an entrepreneur
meets the angels, the entrepreneur will
have spent many hours and sessions with
DAN professionals to hone and refine the
business plan. Getting the entrepreneur
“presentation ready” is paramount
in making certain a financeable, attractive
deal is presented to angels. This ensures
the angels’ time is respected and meetings
are spent productively on only those deals
which have a high likelihood of achieving
a close.
- Expectations
are set: Before an entrepreneur
ever meets the angels, he/she is presented
a mock term sheet outlining the most likely
negotiating points and an extensive list
of due diligence questions to get started
on. In addition, expectations are set
regarding an appropriate valuation.
This is done so that there are no surprises
to the entrepreneur once angels pursue
the close of a transaction.
- Deal Documentation:
Thanks to the philanthropy of Vela
Keller PC, The Dallas Angel Network has
the necessary legal documentation to facilitate
the closing of transactions including
NDA’s, term sheets, due diligence lists,
and other pertinent documents. Having
these documents standardized minimizes
closing costs and sets realistic expectations
for entrepreneurs.
- Deal Leadership:
Every deal that is presented to
angels is assigned a DAN professional
to guide the transaction through close.
The role of the DAN professional is to
lead a thorough due diligence process
and make sure the deal maintains positive
momentum. This ensures that deals do
not fail because of a lack of organization
and coordination and it facilitates a
more timely and efficient close.
- Resources: The
Dallas Angel Network has a number of resources
accessible to new businesses. For instance,
in addition to the legal services of Vela
Keller, The DAN works closely with other
firms such as IdealGrowth, which develops
websites and online technology.
- No Minimums:
There is no minimum number of investments
or total dollar amounts you must invest
on an annual basis to be an angel in The
Dallas Angel Network. Because The
Dallas Angel Network is not compensated
when deals close, there is never any pressure
to invest.
- Transparency:
Transparency: The Dallas Angel Network
prides itself on its transparency and
integrity. We invite our angels to look
at how their annual dues and donations
are being spent by accessing our financial
ledger, anytime. Simply email Sammy Abdullah
at sammy@dallasangelnetwork.com
Donations
& Sponsorships
In order to maximize deal flow, The Dallas
Angel Network does not charge entrepreneurs
a fee at any stage of the process. The DAN
intends to remain free for angels as well,
although donations and sponsorships from
angels are always welcome to help cover
expenses. To make a contribution, contact
us at sponsors@dallasangelnetwork.com.
As a not-for-profit entity, The DAN is not operated for the benefit of any individuals, directors, or founders. Contributions will not be spent on salaries or the enrichment of any person or group. The Dallas Angel Network prides itself on its transparency and integrity and we invite our angels to inquire at anytime as to how funds are being spent.
Accredited
Investors
Every angel must be an "Accredited
Investor" as defined under rule 501
Section D of the Securities Act of 1933.
For individuals, an Accredited Investor
means a natural person who has individual
net worth or joint net worth with the person's
spouse that exceeds $1 million at the time
of the purchase," OR "a natural
person with income exceeding $200,000 in
each of the two most recent years or joint
income with a spouse exceeding $300,000
for those years and a reasonable expectation
of the same income level in the current
year.
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