WHY APPLY TO THE SHELTOWEE ANGEL NETWORK?




The Sheltowee Angel Network (SAN) is a syndicate of angel groups and funds. We have amassed hundreds of great minds, subject matter experts, successful entrepreneurs, and venture-style investors from around the network who share diligence, expertise, experience, connections, and industry insight on ventures to identify irresistible opportunities. We are here to fund amazing ventures. We are here to help grow your amazing businesses.







We typically invest in 10 companies per year between $50,000 and $250,000, but have invested as much as $1.5M in a single venture. We typically do two rounds with portfolio companies that demonstrate execution and great communication.











We provide you a highly efficient mechanism for raising capital. We will work with you to build a broad syndicate of investors to capture the resources necessary to execute your business plan. We want you leading your company and selling products and services, not shares.





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OUR CRITERIA FOR CONSIDERATION

 

1. Companies with unique and/or protectable products or services with large market opportunities and recurring revenue models.
2. Companies with a management team in place.
3. Companies with a beta version of their product with beta clients/testing at a minimum.
4. Companies that are within six months of the inflection point of making meaningful revenue at a minimum (exceptions for medical devices and biotech).
5. Companies that can be cash flow positive within a maximum of two years and breakeven within 3 years (exceptions for medical devices and biotech).
6. Seed, Series A, or Series B offerings.
7. Companies with a clear and logical marketing plan, sales plan, and compelling exit strategy.
8. Companies from a $1.5M – $12M valuation.
9. Potential for a return of a 3 – 5 times our invested capital in 3 – 5 years, which generally equates to between $15M – $30M in annual revenue at a minimum in that time frame.






WE INVEST IN THE FOLLOWING MARKETS:

1. Technology
2. Software/ Software as a service
3. Medical devices
4. Biotech/life sciences
5. Digital/web media
6. Financial services
7. Energy
8. Green/Clean technology
9. An occasional consumer product if it is unique and protectable with a large market.



WE GENERALLY DO NOT INVEST IN:

1. Real estate and REITs
2. Retail (fashion, etc.)
3. Restaurants, beverages, and food service
4. Research and development laboratories
5. Companies solely focused on managing government contracts
6. Service-based businesses outside of software
7. Foreign based businesses