Band of Angels Angel Investor Network
Angel investing has long been an important source of financial support and mentoring for new and growing businesses bridging the gap between individual (friends and family) and institutional venture capital rounds of financing. Over the past several years, Band of Angels and this sector of the private capital market has been formalizing in response to both growing demands and complexity.
Band of Angels - The Band of Angels is a formal group of 100 former and current high tech executives and entrepreneurs who provide counsel and capital to startup companies. Band members have founded companies such as Cirrus Logic, Symantec, National SemiConductor and Logitech, and have been executive officers at Sun Microsystems, Hewlett Packard, Intel, 3Com and Intuit. Since 1994, Band members have placed more than $110 million into more than 140 startup companies.
Institutional support for portfolio companies, such as bridge financing and follow-on rounds, is provided by the Band of Angels Fund, L.P., a venture capital fund made up exclusively of institutional partners and by the numerous venture capitalists with close ties to the Band of Angels.
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Menlo Park CA
CA Angel Networks are as unique as the private investors that make them up. Band of Angels is a group of accredited investors (sophisticated investors) who get together to review companies for potential investment. The investments can be made by accredited individuals belonging to the CA network or by the network itself as a limited partnership.
Some angel networks charge a fee to the entrepreneur for the business plan to be reviewed, or for an in-person presentation to be made to the "angels" group and other angel networks don't.
Learn about as many angel networks / groups in your area as possible.
Like Band of Angels, the number of organized angel groups / networks has grown in response to several factors:
- A desire to attract better deals and generate higher returns than angels acting alone
- The volume of deal flow.
As a result, angel investment screening by Band of Angels, is consistent when compared to other angel investment groups. Specific organizational and legal structures, however, remain varied. Most groups, including Band of Angels (Menlo Park CA) develop their own organizational structures and processes independently. For entrepreneurs and other CA angel investors, the net results of this change are mostly positive. Although the models of business angel groups continue to evolve, these groups are generally better financed than ad hoc groups of individual / private investors in Menlo Park CA.
Band of Angels (Angel Investment Network) provides an extended network that benefits both funded companies and private co-investors / other angels by providing greater due diligence, operational support and domain expertise. Business angel groups, such as Band of Angels and other groups (CA) can also provide a key source of qualified deal flow for venture firms - CA - as well as provide intermediate capital for companies with financing requirement levels between individual / private investors and institutional venture capital.
