We prefer to invest in what we call pure angel capital opportunities. This means companies that can be funded to cash flow break even purely by angels without requiring venture capital. In practise this means companies whose investment requirements are in the range of $500K to $2M.
We selectively invest in companies which will require venture capital to reach break even, however in order for this type of investment to work we need to identify the lilkey venture capital investors up front and reach some kind of understanding with them regarding the conditions under which they would invest in the company following our seed investment.
Of the 21 companies that we have invested in since 2001, 15 are angel capital companies while 4 are venture capital companies.
Purple Angel Invests In These Industries
• Medical Devices and Equipment
• Consumer Products and Services
• Financial Services
• Networking and Equipment
• Internet / Web Services
• IT Services
Purple Angel Invests In Companies That Have Reached The Following Milestones
Prototype Ready - $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
Purple Angel Invests In Companies With These Funding Needs
Pre-money Valuation: $500,000 - $3,000,000
Capital Seeking: $500,000 - $3,000,000
Previously Raised: $100,000 - $300,000
Purple Angel Expects Their Investments To Generate
Expected Revenue By Year 5: - Not Entered
Expected Returns: 5x Investment - 50x Investment
Expected Years to Exit: 3 Years - 8 Years
Expected Years to Break Even: 3 Years - 5 Years
Purple Angel Investment Portfolio
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