What is an Angel Investor?
An Angel investor is an individual that might be a doctor, lawyer, business owner, an executive or a season business owner who has an interest in helping young companies. They typically invest in early stage or start-up companies in exchange an equity or provide investments in the form of a note using their own capital. According to the SEC, the main criteria of an Angel Investor is that they must have a net the worth of at least $1 million or make $200,000 a year (or $300,000 a year jointly with a spouse).
Is First State Angels a committed fund?
No, we are a network of angels. There is no committed capital. The members of the network make their own investment decision using their own capital.
Are there fees to participate?
Yes, the fees will be determined at a later date. The fees could come in a form of an annual membership fee or a success fee of the total capital raised.
What type of companies do we like to invest in?
The type of companies will range from capital efficient tech startups who are looking to scale quickly to traditional companies that are just looking for financing to help them expand.
We do not invest in nonprofits, films, television projects, theater projects, real estate or sectarian projects.
Do the First State Angels syndicate deals with other angel groups or funds?
Yes. The First State Angels has relationships with other angel groups and funds and often syndicate deals when it makes sense. The entrepreneur always has the final say on where their business and material is presented.
Does First State Angels’ members only invest in Delaware companies?
No, we will consider deals throughout the U.S., however since many of members are located in Delaware most of the deal flow outside of Delaware will come from the Mid-Atlantic region.
How are deals selected to present to the First State Angels Network?
Please read our investment process.