Great Lakes 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, Great Lakes Angels and this sector of the private capital market has been formalizing in response to both growing demands and complexity.
Great Lakes Angels - The Great Lakes Angels is a nonprofit 501.c.6 corporation. We seek serious, active investors only. Attendance is therefore open to those who would intend to make a minimum of a $25,000 investment in one or more companies presented by the Great Lakes Angels in each calendar year. One must be an Accredited Investor or approved as 'designated screener' for an Accredited Investor, by the Membership Committee, to be a Member. Our investors consider early stage company equity investments, and later stage company debt, bridge and mezzanine investments. A Screening Committee screens Business Plans and companies for potential investment and for presenting to the group. Annual dues of $1,000 and attendance fees are assessed to help defray the operational costs of the organization.
Contact:
Bloomfield Hills MI
MI Angel Networks are as unique as the private investors that make them up. Great Lakes 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 MI 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 Great Lakes Angels, the number of organized angel groups / networks has grown in response to several factors:
- A widening “capital gap” between individual and institutional venture capital investors that has created a need and an opportunity for pooled investments
- A large increase in the number of self-made, high net worth individuals who want to be more involved in their alternative asset management.
As a result, angel investment screening by Great Lakes Angels, is consistent when compared to other angel investment groups. Specific organizational and legal structures, however, remain varied. Most groups, including Great Lakes Angels (Bloomfield Hills MI) develop their own organizational structures and processes independently. For entrepreneurs and other MI 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 Bloomfield Hills MI.
Great Lakes 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 Great Lakes Angels and other groups (MI) can also provide a key source of qualified deal flow for venture firms - MI - as well as provide intermediate capital for companies with financing requirement levels between individual / private investors and institutional venture capital.
