Investment Process
All potential investment opportunities must be submitted through an online application to the Executive Director for the initial screening process. For opportunities that pass this initial screening, a standard “first look” document will be distributed via e-mail to the group members. Submissions of interest to the angels will be invited to present at the next group meeting. If the Northern Kentucky Angel Network decides to pursue an opportunity, the group will elect a lead investor to follow-up with the company and perform due diligence. Within a reasonable period of time (usually before or during the next group meeting), the lead angel will report the results of the due diligence process to the rest of the group, after which investment decisions will be made.
Potential Investments The following are general guidelines describing the types of investment opportunities:
All potential investment opportunities must be submitted through an online application to the Executive Director for the initial screening process. For opportunities that pass this initial screening, a standard “first look” document will be distributed via e-mail to the group members. Submissions of interest to the angels will be invited to present at the next group meeting. If the Northern Kentucky Angel Network decides to pursue an opportunity, the group will elect a lead investor to follow-up with the company and perform due diligence. Within a reasonable period of time (usually before or during the next group meeting), the lead angel will report the results of the due diligence process to the rest of the group, after which investment decisions will be made.
Potential Investments The following are general guidelines describing the types of investment opportunities:
- The group or the operating committee will determine what industry focus (if any) the group will maintain.
- Investments in any one company will normally be in the range of $25,000 to $250,000.
- Each investment should offer the potential for an attractive return within a seven year period.
- Companies must display the potential for rapid growth and the creation of jobs in the Northern Kentucky region.
- Companies seeking funding from the Northern Kentucky Angel Network should normally be in the early stage of their development. This does not preclude the Northern Kentucky Angel Network from investing occasionally in later stage development opportunities.
- Investment opportunities may offer one or more group member an opportunity to actively participate as a consultant, board member, or business advisor.