Benefits to Members
Beacon Angels can provide 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 with 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 in person to hear funding proposals on the second Tuesday morning of every month of the year save August. A week later via conference call, we screen companies’ applications to present their proposals to the following month’s meeting.
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 excluding the value of a mortgaged primary residence, or most recently had an annual income exceeding $200,000 individually or $300,000 jointly with spouse, and reasonably expects the same to continue for the current year.
Speaking 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 after the first round for more capital. Thus, we recommend each member to hold in reserve twice the amount of his initial investment in order to avoid dilution later.
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.
We seek members with 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.
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.
In sum, Beacon Angels members have:
- Access to significant, investible assets;
- Time and energy to contribute to Beacon Angels’ activities;
- Expertise and interest in growing companies; and
- A congenial approach to group interactions.
How to Join
We encourage prospective members to make a Guest visit to an upcoming Beacon Angels meeting to help determine the potential fit with Beacon. Please go here to register. To learn more, you may also contact firstname.lastname@example.org, tell us a bit about yourself, and include “Membership” in the e-mail’s subject.