Sourcing Great Deal Flow Outside Silicon Valley April 27, 2016 Use chat to submit questions Yes, you ll get the slides We re recorded, so come back and listen again 1
Mission: Fuel the success of angel groups and accredited individuals active in in the early-stage landscape World s largest trade group for angel investors o 220+ angel groups o 13,000 accredited investors o Voice of accredited individuals, portals, and family offices 50 US states + Canada Research/ education partner ACA MEMBER GROUPS New Dominion Angels 2
ACA MEMBER PLATFORMS ACA PARTNERS 3
TODAY S MODERATOR Extensive and diversified experience as a CPA, an entrepreneur who co-founded a nationwide software company, a professor of entrepreneurship, a college president and the CEO of a computer networking company. Currently Founding Director of Venture College at Boise State University. Columnist on angel investing for the Idaho newspapers Kevin Learned Loon Creek Capital Group Boise Angel Alliance Experienced angel investor; co founder of three member-managed Angel Funds and the Boise Angel Alliance. Assists communities in forming membermanaged angel funds 65% of Angel Deals California, Texas, NY and New England 2015 Share of Angel Group Deals by Region Northwest 8.7% Great Lakes 10.3% New York 9.5% New England 11.9% California 20.9% Southwest 7.9% Great Plains 4.3% Texas 10.3% Southeast 12.2% Mid-Atlantic 4.1% Source: 2016 HALO Report 4
TOPICS WE LL COVER TODAY Panelist profiles Challenges in sourcing deals Best practices from our perspectives Role of syndication Use of funding platforms Changes on the horizon Your Questions and Answers OUR PANELISTS David Russick Gopher Angels Liz Marchi Frontier Angels Allan Johnston 49 th State Angels 5
49 TH STATE ANGEL INVESTOR NETWORK Anchorage, Alaska: 300,000 residents 1436 air miles to Seattle; 1541 air miles to Portland State Small Business Credit Initiative $13.2 million Angel Capital allocation 2 year history, 23 members, 9 active 2015: $600,000 17 reviewed,12 screened,5 invested Allan Johnston 49 th State Angels FRONTIER ANGEL FUND Montana, 1 million people, size of Germany, largest metro Missoula 100,000; 8 hours from Whitefish to Billings Frontier Angel Funds 1 and 2-12 years history FF1 33 investors - fully invested $1.75million, side by $4million, 18 investments, led 3 in Montana, 15 syndicated FF2 37 new inestors total of $3.5 million committed capital, closed August 2015 Invested $1million in 10 deals, 2 of those syndicate funds, 2 Montana leads, 6 syndications Liz Marchi Frontier Angels 6
GOPHER ANGELS Minneapolis St. Paul, Minnesota 4 Years started March 2012 3.8 million in the statistical metro area 70 members $10.5 million invested in 27 companies since inception 2015 invested $3.6 million including follow on funding (includes one large at $1.25 million) Network, not a fund David Russick Gopher Angels BOISE ANGEL ALLIANCE 11 years history 600,000 in metro area, 6 hours to Salt Lake, 7 to Portland, 10 to Seattle 99 members, about 30 active 2015 - Invested $750,000 of which $180,000 was co-investment o Reviewed 60 o Screened 13 o Invested in 6 o Co-Invested in 5 Kevin Learned Loon Creek Capital Group Boise Angel Alliance 7
DISCUSSION David Russick Gopher Angels Allan Johnston 49 th State Angels Kevin Learned Loon Creek Capital Group Boise Angel Alliance Liz Marchi Frontier Angels KEY TAKEAWAYS Portfolio diversity is critical for success Syndication enhances your professional network ACA membership can be a filter for serious investors Attend or create regional meetings to build your network 8
CONTACT INFORMATION Allan Johnston, 49 th State Angel Network, Anchorage, AK, allanrjohnston@yahoo.com Kevin Learned, Boise Angel Alliance, Boise ID, kevin@looncreekcapital.com Liz Marchi, Frontier Angels, Polson, MT, liz@frontierangels.com David Russick, Gopher Angels, Minneapolis, MN, david.russick@russickgroup.com THANK YOU! UPCOMING WEBINARS Audience Questions May 11, 2016 ACA Summit 28 Live Webinars! May 25, 2016 Member Update June 9, 2016: Portfolio Diversification June 22, 2016: Exit Strategies Webinar programs archived at:www.angelcapitalassociation.org/event s/webinars/ 9
ADDITIONAL RESOURCES Marianne Hudson Executive Director Angel Capital Association Christopher Mirabile Managing Director, Launchpad; Board Chair, Angel Capital Association http://www.angelcapitalassociation.org/n ews-forbes/ http://www.angelcapitalassociation.org/n ews-inc/ UPCOMING ACA EVENTS May 9 11, 2016, ACA Summit, Philadelphia, PA September 6, 2016 Women in Angel Investing, Boston, MA September 22, 2016, Best of the Midwest, Minneapolis, MN October, 2016 SW Regional Meeting, Phoenix, AZ http://www.angelcapitalassociation.org/events/ 10