OUR FUNDING PROCESS
IT'S ABOUT GETTING TO KNOW YOU
AND YOUR BUSINESS BETTER.
Should you meet our funding criteria, we invite you to access the Gust platform for start-up funding to complete and submit your application online. Typically we will contact you about your company within 1-3 weeks.
Your application materials will then be reviewed at our monthly Pre-screening Meeting. Companies that fit the overall investment interests and goals of our members will be selected to move to the next phase. This is a highly competitive process. We typically have over 50 companies apply to us monthly.
If your company is selected, you’ll be invited to make a presentation in person to our Screening Committee. Screening meetings are held on the last Wednesday of each month at the Business Technology Center of Los Angeles County in Altadena. We will invite the top two companies to present to our entire membership at our monthly breakfast meeting on the first Wednesday of each month.
Your presentation to our full membership at our breakfast meeting will include an initial due diligence of interested members. The following week, potential investors will then exercise due diligence by taking a closer look at your business plan and projections, track record and background.
When the due diligence process is completed, interested members of our group will present a term sheet outlining suggestions for the investment deal, using industry standard terms and provisions.
If all parties decide to move forward, the work of finalizing the deal and executing the plan starts. But remember, this is only the beginning. The collaborative work we’ll do depends on open lines of communication and teamwork to achieve success.
FUNDING CRITERIA
Please complete this Self Assessment exercise by asking yourself these questions?
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Is my business based in the greater Los Angeles area? -
Am I ready to collaborate with So Cal’s top business leaders? -
Am I open to an exit strategy that provides strong returns? -
Has my company progressed beyond proof of concept? -
Do I have a proven track record of entrepreneurial success? -
Do I have sound financials and solid prospects for rapid growth? -
Does management inspire our team with exemplary leadership? -
Does my company have proprietary assets and/or ideas that give us the competitive edge?
APPLYING THROUGH GUST
Why do The Pasadena Angles rely on Gust?
Gust provides a secure, private platform where investors set their deal interest, ratings, manage and share deals.
Gust is the next generation of the industry standard deal flow management platform that has been developed and refined by Angelsoft for more than seven years. Over 750 business angel groups, investment networks and venture capital funds already rely on it, and they have all been upgraded to Gust prior to the platform’s public launch. This has given them the opportunity to experiment with Gust’s new features and interface, and provide detailed advance feedback. The new Gust tools for entrepreneurs seamlessly integrate into the existing investor-side tools that have already become the industry standard.
PRE-SCREENING
BREAKFAST PRESENTATION
DUE DILIGENCE
TERM SHEET NEGOTIATION
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Amount of capital raised, -
Price per share, -
Pre-money valuation, -
Liquidation preferences, -
Voting rights, -
Anti-dilution provisions, and -
Registration rights.
AFTER THE DEAL
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Relationships with venture capital firms and other angel groups -
Potential for co-investment and/or later-stage investments in an enterprise -
Interim executive management and consulting on request -
Advice with sales, marketing, recruiting, and building strategic relationships -
Access to cost-effective business facilities and support services