published by tcangels on Mon, 05/30/2011 - 22:26
Twin Cities Angels invests in regional companies with the potential to rapidly scale into market and financial leadership. This usually implies potential for high growth, a strong market position, and a unique and sustainable advantage. Specifically, members look for:
- A compelling, well articulated strategy for capturing and defending a significant market share
- Proprietary technology or a unique and proprietary product or design or other strong barriers to entry
- A significant national and/or international market opportunity
- An experienced management team (not necessarily a complete team) with relevant and successful experience, or the presence of dedicated, visionary and motivated founders
- The likelihood of relatively rapid commercialization and profitability
- The opportunity to become a leader in its market
- Shared values
- Initial capital previously raised from founders, friends or grants
- The existence of a clear exit strategy, preferably within a maximum of five years
- A desire for advice and coaching from Twin Cities Angels membership
- A technology or business model that the market wants and that will positively impact people's lives
- Twin Cities Angels expects to have a Board seat and an observer role on the Board of Directors, post investment
- Lastly, the company valuation must fit within our risk/reward expectations for the investment.