Before submitting your business plan for our consideration, you must understand the angel investment process and determine if angel capital is right for your company.
Our application form (business plan) is designed to extract the important details about your business, so our internal review committee can decide if your company should: a) be invited for an initial screening presentation; b) be referred to key staff or members for help in evolving your business plan, or, c) be turned down as unlikely to receive funding from our members.
Screening of Opportunity & Presentation.
After reviewing your business plan, our internal committee will determine if your idea could be of interest to our members. If you succeed, you will be invited to present to the full membership for additional review. Be prepared to deliver a 15 to 30 minute investor presentation and answer questions and further clarifications.
During due diligence, interested investors will verify the statements made in your business plan, presentation, and financial projections. They will thoroughly research your or 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.
Term sheet negotiation.
After successful completion of the due diligence process, interested AIM members will present a term sheet that defines the structure of the investment opportunity, including type of equity and board of directors’ representation, using industry standard terms and international practices.
Funding & Beyond.
When all parties are satisfied with the terms and language contained in the term sheet, the investment opportunity can be executed. But remember, closing the investment opportunity 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.