Is Angel Investing Right for my Business?
Angel investment is the “right” source of funding for a small proportion of entrepreneurial businesses. Angel groups follow several stages of review in order to make funding decisions. Read through the listed documents carefully, then, if you are interested in obtaining angel funding for your business, contact Kelly Pruneau, Client Services Manager of the Women’s Business Center at 913.492.5922 or kpruneau@kansaswbc.com for more information about the application process.
WCC has two primary objectives:
1) To present high return on investment funding opportunities to its members; and
2) To facilitate access to early-stage financing for high-potential women led businesses and entrepreneurs.
Angel investment is the “right” source of funding for only a small proportion of entrepreneurial businesses. When considering yourself for investment by an individual angel or angel group, ask yourself these key questions:
- Am I willing to give up some amount of ownership and control of my company?
- Can I demonstrate that my company is likely to realize significant revenues and earnings in the next 3-7 years?
- Can I demonstrate that my company will produce a significant return for investors?
- Am I willing to take the advice from investors and accept board of director decisions I may not always agree with?
- Do I have an exit plan for the company that may mean I’m not involved in 3-7 years?
Once your application and executive summary are received by WCC, the paperwork will be reviewed by a pre-screening team.
Based on the team’s review of the opportunity, they may:
1) ask for a meeting in order to gather additional information about the company;
2) recommend that the entrepreneur present at a Screening Committee meeting; or
3) determine the company is unlikely to receive WCC funding.
The following need to be submitted as part of an Executive Summary:
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Describe your company’s products and/or services
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Submit Sales and marketing plans. Describe how you propose to reach your targeted customers from marketing, sales & support perspectives.
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Describe the 3-5 year goals of the business & identify the several most important steps needed to reach the goals.
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Financial overview – projected financials for at least three years out.
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Describe fully your 3-7 year exit strategy?
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For a WCC Application, click here.
For frequently asked questions regarding WCC, click here.
The Women’s Capital Connection (WCC) is a regional network of accredited angel investors dedicated to identifying and funding the most promising start-up business opportunities in the Kansas-Missouri region.