Benefits to Members
Membership in Beacon Angels provides high net worth investors with access to a steady flow of screened, early-stage, privately held investment opportunities. Participation allows members to spread risk among multiple start-up companies, and to share some of the burdens of initiating and monitoring them.
Together, we negotiate the terms of investments and then conduct ongoing reviews of progress. Members having an appropriate base of expertise are encouraged to add value to our portfolio companies through consulting engagements and by sharing contacts and opportunities.
We meet on the second Tuesday morning of every month of the year save August. Screenings conference calls take place every third Tuesday afternoon of the month.
Beacon Angels seeks energetic, inquisitive individuals with the financial means to make long-term investments in private companies. A member must be an “accredited investor,” defined by the SEC as owning assets of $1 million or more, having an annual income exceeding $200,000 individually or an annual exceeding $300,000 jointly with spouse; asset requirements exclude the value of a mortgaged primary residence.
Realistically, an angel investor must be able to tie up a significant amount of wealth in each company until such time as the desired exit event occurs, if at all, three or more years later. Many Beacon portfolio companies return to after the first round with legitimate needs for more capital that exceed our original investment. We recommend that each member hold in reserve twice the amount of his initial investment in order to avoid dilution.
Secondly, Beacon Angels members must have a willingness to attend meetings, and to contribute time in “duly diligent” investigations of potential investment targets, and to monitor and report back to the group on the status of certain of our portfolio companies.
Thirdly, we seek members having an interest in and expertise in the management and growth of start-up companies. The companies we invest in often need not only capital, but guidance on how to grow and, in certain instances have entered into valued consulting relationships with our members.
Lastly, we seek those that will be respectful of others’ time, and who display a congenial demeanor and fun-loving attitude in order to help keep our group interactions enjoyable.
Beacon Angels members have:
- Access to significant, investible assets;
- Time and energy to contribute to Beacon Angels’ activities on a regular basis;
- Expertise in, and interest in growing companies; and
- A congenial approach to group interactions.
How to Join
Please contact firstname.lastname@example.org and include the word “Membership” in the e-mail’s subject to learn more about joining.