North Bay Angels Angel Group | Healdsburg, CA, United States www.northbayangels.com Angel Capital Association Share your venture with North Bay Angels North Bay Angels - Ideal Startup Investment Ideal investment is a start up company that has a unique and protectable advantage in its market and addresses a critical need. The company should be beyond the concept stage and have at least a functioning prototype of its product or business proposition. Ideally, it should have demonstrated a need for and acceptability of its product, service or technology in the marketplace. Total capital needs to execute the business plan to success should be modest to avoid excessive dilution to Angel investors. At least the beginning of management team should be in place. It is preferable that the company be a C corporation or become one upon funding. Companies should be located on the west coast with a preference for northern and central California and nearby Nevada. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ALTERNATIVE TO START UP INVESTMENT - Flex-Mezz NBA’s Flex-Mezz goal is to invest in established North Bay companies with proven management. The applying companies should be seeking additional financing to support their growth plan by attracting investors who add capital, networking and guidance to their firm with only modest equity dilution. Mezzanine Financing is appropriate for companies that fall between the criteria of Angel investments and bank financing. These companies may not appeal to Angel investors because they don’t have extraordinary (hockey stick) growth potential even though they are a growth business capable of generating dependable cash flow. The business is not currently bankable without an additional equity infusion. Investor’s expected returns are lower than Angel investments but higher than bank financing. The new funds will generally be used for expansion or acquisition. CRITERIA FOR COMPANY SELECTION Applying companies should be generating sales in excess of $1,000,00 with positive cash flow. The preferred companies should be exporters of products or services to areas outside of the North Bay so that there is a net employment gain for the North Bay. Service companies such as restaurants, retailers, and most professional providers would not meet the criteria. Companies should have the potential of creating 10+ high value jobs. The range of a potential investment is from $50,000 to $500,000 and the investors anticipate a quarterly return. North Bay Angels Invests In These Industries Not Available North Bay Angels Invests In Companies That Have Reached The Following Milestones Product In Development - $1M in Trailing 12 Mo. Revenue Concept OnlyProduct In DevelopmentPrototype ReadyFull Product Ready$500K in Trailing 12 Mo. Revenue$1M in Trailing 12 Mo. Revenue$3M in Trailing 12 Mo. Revenue$5M in Trailing 12 Mo. Revenue$10M in Trailing 12 Mo. Revenue$20M in Trailing 12 Mo. Revenue$50M in Trailing 12 Mo. RevenueMore than $50M in Trailing 12 Mo. RevenueMore than $50M in Trailing 12 Mo. Revenue ►◄ Concept Only North Bay Angels Invests In Companies With These Funding Needs Pre-money Valuation: USD0 - USD5 Capital Seeking: USD0 - USD0 Previously Raised: USD0 - USD2,000,000 North Bay Angels Expects Their Investments To Generate Expected Revenue By Year 5: - Not Entered Expected Returns: 5x Investment - 20x Investment Expected Years to Exit: 3 Years - 7 Years Expected Years to Break Even: 1 Year - 5 Years North Bay Angels Investment Portfolio Last 12 Months EvergramNonProfitEasyLaloo's Goat's Milk Ice CreamAltus Equity Group, LPModify Industries, Inc.UpOut Previous Investments Upstart MobileArray Health Solutions Inc.TopicmarksMaternaBlue Buzz Network, Inc.Capton IncAngaza DesignReality Gap, Inc.Webvanta Inc. BuzzHub CorporationKey Tech LLCReframe It, Inc.Liftopia, Inc. Liftopia Series B InvestmentsGAGA Sports & Entertainment, Inc.GoalTribe, Inc.TriformixAspenAirMetricly

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