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TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Piedmont Angel NetworkTheEntrepreneur’sFundsm
2007 Yanceyville Street, Box 69Greensboro, North Carolina 27405
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
PANTheEntrepreneur’sFundsm
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
All individuals areAccreditedInvestors
$1 Million Net Worthor $200,000 in salary
for past two years
PAN has over 150investors in 2 funds.Limit to 99 investors
per fund (SEC)
Each investorcommits a minimum
$50,000
The funds have$10 million under
management
Important: Thefunds are
member-managed
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Investments are restricted to an approximate three-hour drive of the Piedmont Triad region to provide better access to portfolio companies for improved monitoring and assistance.
PAN will review investments throughout North Carolina, as far north as Charlottesville, Virginia, and as far south as Columbia, South Carolina.
Investment Region
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Virginia
Winston-Salem Greensboro
Triangle
Charlotte
Wilmington
Western NC
Early-Stage Funds / Networks
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Virginia
Winston-Salem Greensboro
Triangle
Charlotte
Wilmington
Western NC
Next Level of Funds
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Virginia
Winston-Salem Greensboro
Triangle
Charlotte
Wilmington
Western NC
Getting Started | Business Plan Assistance
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Virginia
Winston-Salem
Greensboro
Triangle
Charlotte
PANs Diverse Portfolio
16Investments
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Business Plan
Business Plan
Business Plan
FundExecutive
ScreeningCommittee
DD TeamRecommend
InvestmentVote
DDVote
MembershipPresentation
Due DiligenceTeam
Deal TermsMonitoring
Team
PresentRecommendation
to Membership
No
No
No
YesYes
Yes
Yes(Invest)
Yes(Invest)
No
No
Su
bm
it E
xecu
tive
Su
mm
ary
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
Percent Approved by Screening Committee Percent Approved by Members to go to DD
Percent DD Recommended for Investment Plan Statistics
36 Plans Reviewed by Screening Committee
24 Plans Reviewed by Members at Meetings
14 Plans Approved by Members for DD
2 Plan(s) Approved by DD for Investments
14%
58%67%
jjjjj
PAN takes a very aggressive approach to conducting due diligence on potential investment opportunities. PAN does not believe every idea deserves money. PAN conducts a thorough due diligence under the same guidelines and business practices as VC and private equity firms.
PAN has access to 100+ of the best and brightest individuals in the Triad. Seven of PANs members were named the Triad’s Most Influential by The Business Journal.
PAN invests in 1 out of every 86 plans reviewed within territory.
PAN invests in 1 out of every 18 plans reviewed by screening.
PAN invests in 1 out of every 12 plans reviewed by members.
PAN invests in 1 out of every 7 plans taken to due diligence.
PAN INVESTS IN 1.2% OF COMPANIES REVIEWED PER YEAR.
Click for Copy ofDue DiligenceRequirements
TECH COAST ANGELS
Pre-Screening
Piedmont Angel Network Two | TheEntrepreneur’sFund © 2007
Screening Member Meeting Due Diligence
If you are in this business long enough, you'll see some great deals walk through your door. If you are in this business long enough, you’ll show some great deals the door. – OVP Venture Partners
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