The mission of the Innovation Shore Angel Network is two-fold: to help grow the economic base of the Upper Peninsula through the growth of early to mid-stage companies and to provide members an above market financial return on their invested capital and time commitment.
Services
To Investors
Access to pre-screened investment opportunities.
Opportunity to possibly co-invest with other angel group members in Michigan.
Access to best practices in angel investing educational opportunities.
Opportunities to participate in the due diligence process for those companies you are interested in investing.
Contact list for all ISAN members.
To Entrepreneurs
Introduction to experienced mentors and investors.
Access to helpful industry connections and talent
Guidance for alternate funding options.
Access to capital.
Process
Phase 1 Discovery
Applications
ISAN Commitee Screening
Entrepreneur Interview
Phase 2 Shark Tank
Presentation
Questions
Discussion
Interest Level
Phase 3 Diligence
Create Deal Team
Due Diligence
Term Sheet
Phase 4 SPE LLC Investment
Negotiations
Form SPE LLC
Formal Agreements
Investments
Angel Network Membership
Benefits of becoming a member:
Access to pre-screened investment opportunities.
Opportunity to possibly co-invest with other angel group members in Michigan.
Access to best practices in angel investing educational opportunities.
Opportunities to participate in the due diligence process for those companies you are interested in investing.
Special Purpose LLC will be formed for interested members for each selected opportunity with general total investment target [$50,000-$2,000,000] in early-stage companies.
Minimum investment per deal per member is $5,000.
ISAN mainstream investment focus shall be early stage companies and equity based, but reserves the freedom to look beyond this boundary should the pipeline dry up or an exciting opportunity arises.