INNOVATION SHORE ANGEL NETWORK (ISAN)

INNOVATION SHORE ANGEL NETWORK (ISAN)

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.
  • Contact list for all ISAN members.

Three steps to becoming a member:

  1. Download, complete, and send in membership application form with payment.
  2. Download, complete, and send in accredited investor status form.
  3. Fill out the online membership survey.

Member Range of Investment & Focus

  • 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.

  • No annual investment minimum required.