Angel Fund Key Investment Factors

The entrepreneur has a demonstrated understanding of the product and the industry in which he/she operates. The Angel Fund investment committee understands the product and the industry in which the company operates. The proposed product or service is readily marketable in the near term. There is an identifiable, proven demand for the product or service. The product or service has unique features and benefits that provide competitive advantage versus similar products and services. The product or service can be produced cost efficiently in small quantities. Changes in technology are likely to positively impact the product, the service and the company either by fostering new demand or by improving the ease and cost of production and delivery. The project is not highly capital intensive. Capital investment by the Angel Fund is sufficient to fund the companys next stage of growth and development. The projects success is not contingent on a series of continual capital raising. The company can be financially self sustaining in the near term. The Angel Fund can add value to the project by taking an active role in the management and development of the company. The business plan includes putting in place the processes and company organisation that will attract additional capital or facilitate an exit strategy. A clearly identifiable roadmap to an exit within 5 years must be in place. The business is scaleable it can be developed, and grown over time.

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The business can be saleable either via a trade sale or management buyout, sale via the private equity markets or sale via IPO. The business must be capable of generating profits that would be the catalyst for fundamental, cash-flow based valuation. Corporate governance, fiscal transparency and legal protections for the Angel Fund must be in place. The companys founders and key managers successfully pass due diligence and background checks. The company has no significant potential legal challenges to its property and intellectual capital. The company faces no significant legal or regulatory barriers to its business plan in the near term. Minimum return threshold is 35% per annum for the Angel Fund.

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