General FAQS
What is an Angel Network?
An Angel Network is a group of Angel Investors, that meet to combine potential investments towards a particular Entrepreneur's business idea. Angel network fill in the gap between individual Angel Investors and venture capitalist firms. According to the Kauffman Foundation, Angel Networks typically invest between $500,000 - $5,000,000 in Entrepreneurs.
Why is a regional Angel Network important?
The Entrepreneur's gap between self/friends/family-funding and venture capital funds is wide. Traditional lending sources such as banks, cannot invest in early-stage ventures. This is where regional Angel Networks come in, because regional Angels tend to favor investments that will benefit their immediate community.
How often does the Network meet?
SMAN conducts quarterly meetings, or as needed. Each presenter is given 25 minutes for their presentation and questions from the audience.
Early-Stage Company (or Entrepreneur) FAQS
How does it work?
First, contact SMAN staff. They'll set you up with login information to Venture Capital Tools and AngelSoft software. After completing the online information, you'll be scheduled to meet with the Screening Team. The Screening Team will evaluate your business, recommend opportunities to create an attractive business investment, and assign you a regional business coach.
After meeting approval of the Screening team, you will be able to meet with the SMAN Angel Investors. From the presentations, investors decide on an individual basis which companies they would like to follow up with and possibly invest in.
How do I know if I'm a candidate to participate in SMAN?
If you're an early-stage company that has an innovative business model, product, or service, and you need funding in order to successfully grow, SMAN may be an potential investment opportunity for your business.
Why should I go through your process?
1. You need an "in" - We have a network of regional Angel Investors who are passionate about their community. Access to them could be the key to starting your business. If your business idea meets certain criteria, we can additionally present your business state-wide through the Mississippi Angel Network.
2. You want to help others -The Council on Competitiveness released a study in 2005 that indicated a regional angel was the most critical component a community can have to spur local entrepreneurship. By participating in our network, you are indirectly helping others.
What is the difference between an Angel Network and an Angel Fund?
The South Mississippi Angel Network allows investors to make their decisions on an individual basis with their own capital. An Angel Fund allows investors pool their capital and have a professional manager make investment decisions on behalf of the fund.
How do I start?
Contact Sunny Corral to get you started.
Investor FAQs
We'll be updating this section soon!