Portland Angel Network

The Portland Angel Network is an investment group that is composed of accredited investors who actively participate in investment activities by providing funding for potentially viable and profitable emerging companies. A portion of members from the group has also created another investment group, which is the Oregon Angel Fund. Although the two groups work collaboratively, they also operate independently from each other. Both are members of the Oregon Entrepreneurs Network, which is a non-profit organization that helps in the improvement of the relationship between angel investment groups and entrepreneurs. It is also an avenue for accessibility to the needs of both the investment group and entrepreneur. The Portland Angel Network funding is usually between the $500,000 to $2 million range. They prefer to invest on companies in the early stage of development and has a high potential for growth and highly profitable. A company should be located within Oregon and South West Washington area. It should also provide a strategically formulated exit strategy and a high level of return of investments within three to seven years. Interested companies should submit an executive summary via electronic mail. Executive summaries should have a maximum of six pages, with no additional attachments and should be in the PDF format. A minimum fee of $50 is required upon submission of application. There would be about three to four applications that would be considered for investment. The selected companies will be featured and evaluated during the groups' regular meetings. After an investment decision has been made, the company should accept the terms stated in the Standard Convertible Note Term Sheet. Those who are neophytes in business are encouraged to join the OEN Private Business Plan Review before proceeding with their funding application. The course will greatly help in creating an effective business plan. Membership to the Portland Angel Network is open to any accredited investor in accordance to the Securities and Exchange Commission of the United States. Thus, a member should have an individual or joint net worth of at least $1 million, an annual individual income of at least $200,000 or a joint annual income of at least $300,000. Interested applicants should be looking forward to investments for the next twelve months and should be a member of the Oregon Entrepreneurs Network. The minimum amount of investment is $20,000. The group is also open to guests and service providers who would like to participate in their programs. They should be invited by a current member of the group and has not attended in any of the group's meetings or filled out profile information and accreditation forms.