Enterprise Angels seeks to encourage the development of start-up companies and to support new businesses in the Louisville area by providing entrepreneurs with seed capital and management guidance from industry and entrepreneurial veterans.
The following are general guidelines describing the types of investment opportunities:
All potential investment opportunities must be submitted through an online application to the Executive Manager for the initial screening process. For opportunities that pass this initial screening, a standard “first look” document will be distributed via e-mail to the group members. Submissions of interest to the angels will be invited to present at the next group meeting. If the Enterprise Angels decide to pursue an opportunity, the group will elect a lead investor to follow-up with the company and perform due diligence. Within a reasonable period of time (usually before or during the next group meeting), the lead angel will report the results of the due diligence process to the rest of the group, after which investment decisions will be made.
During the formation of the Enterprise Angels, group members will select a day to be blocked each month for the group meeting. Each month, the Executive Manager and angels will decide, based on the number and quality of applications received, whether or not to hold the meeting. The Executive Manager will announce the status of the meeting to the group at least two weeks in advance of the scheduled meeting date. If the meeting is to occur, an agenda, with information on the presenting companies, will be sent with the announcement. Each meeting will last approximately ninety minutes; each meeting will consist of 1-3 presentations, group discussion, due diligence reports, and other announcements.
An individual is an Accredited Investor if the individual has:
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