Organization. Approximately 100 rising startups present to Executive Angels each year (about 3 times more than most angel groups). About half are co-invested and sponsored by another angel group in the network that has already done diligence for itself, and the other half are interesting opportunities that perked the attention of our screening committee. Executive Angel members may invest directly into any company they wish without fees of any kind. For angels who prefer working in tandem, we also offer a committee structure detailed below that they may get involved in if wished. Members can also increase their involvement by taking on board positions or mentoring roles in chosen companies. This flexible structure allows members to be as active or passive as they desire.

The Optional Committees are:
• Deal Flow Screening Committee
• Due Diligence Committee
• Closing and Funding Committee
• Monitoring and Exits Committee

1. Intake. The process begins with other angel groups who plan to partially fund a deal sharing it with us or the entrepreneur applying on our site. The Deal Flow and Screening Committee reviews applications and initially sorts those with the most promise that are worthy of screening.

2. Screening. An active subset of our membership then screens these initially vetted deals to ferret out those that are suitable for presentation to the general membership. They are generally looking at the scalability, quality of the management team, and disruption or potential profitability.

3. Presentations. All members are invited to attend the bi-monthly webconference Member Meetings where only the most promising opportunities are presented. Entrepreneurs get time to pitch their companies, time is allowed for questions, and members are encouraged to make contact with the founders where the opportunity interests them and may do their own diligence or fund a deal directly.

4. Due Diligence. If an opportunity garners enough membership interest, the deal is moved to the Due Diligence Committee. These members often follow some or all NVCA best practices and will spend quality time meeting with the management team and vetting the opportunity in a more detailed due diligence process.

5. Term Sheet. Assuming the results of the due diligence are favorable, we then move to negotiating term sheet. If a mutually agreeable term sheet is negotiated, we move to closing the deal.

6. Closing. If enough members are planning to invest, the Closing and Funding Committee often elects to form a separate LP for each investment to minimize work for individual investors.

7. Monitoring. A formal member liaison is assigned to each company and a member may also be assigned to the Board of Directors. The monitor is assigned with tracking the progress of the company and providing assistance as necessary to help them reach their full potential. We can also assist on exits as appropriate.