Before submitting your business plan for our consideration, you must determine if angel capital - and specifically capital from our group - is right is for your company.
To be considered for funding, companies must create a profile on Gust.com. Once completed, search for “Park City Angels,” visit our page on Gust and then share your profile with our organization.
Our business plan application is designed to extract the most important details about your business, so our internal review committee can decide if your company should: a) be invited for an initial screening presentation; b) be referred to one of our partners for help in evolving your business plan; or, c) be turned down as unlikely to receive funding from our members.
After reviewing your business plan, our internal committee will determine if your idea could be of interest to our members. If you succeed, you will be invited to present at our monthly screening meeting in front of 5 - 8 investors. Be prepared to deliver a 10 minute investor presentation and answer questions posed by this group for an additional ten minutes. You can find more information about preparing for the screening meeting here.
Presentation to Membership
Following the screening meeting, you will be invited to present to our full membership at our monthly general meeting. You can expect about 30 investors to be in attendance. You will have the opportunity to elaborate on your business plan and address the finer details of your startup. Prepare to deliver a 10 minute presentation and address questions for an additional 10 minutes.
During due diligence, interested investors will verify the statements made in your business plan, presentation, and financial projections. They will thoroughly research your team’s background and track record. We expect you to play an active role in facilitating this process, as it will help to expedite a final investment decision.
Term Sheet Negotiation
After successful completion of the due diligence process, interested angel group members will present a term sheet that defines the structure of the investment deal - including type of equity and board of directors representation, using industry standard terms and provisions.
Funding & Beyond
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal is only the beginning of the angel funding process. Now you have access to a network of value-added contacts and experienced professionals who can provide essential guidance for the growth and success of your venture. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.