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Cornerstone Angels

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Cornerstone Angels seeks to bridge the growing funding gap between start-up and institutional capital, helping to seed the companies of tomorrow.

Application Fee: $50

Investment Preferences

  • Business Products, Clean Technology, Consumer Products, Financial Services, Food and Beverage, Gaming, Industrial/Energy, Internet / Web Services, IT Services, Media and Entertainment, Mobile, Software

Our Investment Focus

Cornerstone is focused on seed and Series A investments in high growth ventures which are capital efficient. We are located in Chicago area and are focused on investments in the greater Midwest; however, we will invest nationally for the right opportunities. We are willing to invest alongside of other angels, angel groups, and VCs in syndicates.

Key General Criteria include:

  • Use of funds focused on sales and marketing execution, not R&D
  • Product or service needs to be developed, with preference for customer validation either through usage or sales
  • Strong management team in place, with good mix of domain expertise and early venture experience
  • Funding round generally larger than $500K and less than $3 million
  • Pre-money valuation generally less than $5 million

Investment Process:

* Application: A company first must apply through submission of the online application on Gust. Please note that there is a $50 fee for the application. The Application Fee is a non-refundable processing fee and is retained by Cornerstone Angels whether or not a company is selected to present at future screening or investment meetings. We are sensitive to any fees to entrepreneurs as the core of our activities is focused on finding high quality investments. The application fee is a low-cost way for entrepreneurs and our group to interact and help control the quality of submissions. As always, we encourage entrepreneurs to network into our members and other trusted partners to help in getting your business into our review process.

* Pre-Screening: Upon favorable response, a company may be asked to provide additional details. At this point, the company should have provided an executive summary, business plan or investor powerpoint presentation, and summary financials.

* Deal Screening: An in-person screening event will take place with the Company providing a 10 minute presentation and having 10 minutes in Q&A in front of a panel of screeners composed of investors and industry veterans.

* Diligence: A select group of companies will be selected for further review and investigation

* Investment Meeting: 2-3 companies will be invited to present to the Investment Meeting in front of investors. These meetings will typically be held every two months. Each company will make a 15 minute presentation, with up to 20 minutes reserved for Q&A. We also ask the company based on the value received during its involvement with the group, and any funding success that may be achieved, to consider providing the Cornerstone Angels group with an appropriate level of compensation, in cash or equity at the Company's discretion.

Portfolio

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Edison DC Systems

Industrial/Energy
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Page Vault

Other
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KitoTech Medical

Medical Devices and Equipment
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SDBIC

Financial Services
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BoostUp

Internet / Web Services
Micro 2914fb46 616b 4390 b933 02e145fffdd1

IMH, Inc.

Financial Services
Micro 27175bf0 4fc5 47be bff2 ec3909aec37b

Syrus Global

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Organic To Go

Food and Beverage
Micro 131bc8da 976b 418a 93c0 752ca9523438

Amyris Biotechnologies

Clean Technology
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OurStage, Inc.

Internet / Web Services
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Beekeeper Labs Inc.

Software
Micro 3e414175 eca4 4f43 ac57 708bcacf9661

Digital Acoustics

Electronics / Instrumentation
Micro 11c6086b d6c0 42bc 973d f6b7f4a68232

RMI Corporation

Electronics / Instrumentation
Micro 4e9994b4 9922 47e3 adf7 a4ed6f94c694

Companion Diagnostics

Biotechnology
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Turin Networks

Electronics / Instrumentation
Micro 1ee5e60f 44d6 4f4d 9b2f a2368e0a1eae

SmartCells, Inc

Biotechnology
Micro c7cbb234 54af 4259 90ed 23aea7f10765

JIMINY LLC

Consumer Products
Micro a118784d 3b04 4b2f 8c3c c51d740afc8f

Tela Doc

Healthcare Services
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TruMarx Data Partners, Inc.

Software
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U Connect, Inc.

Consumer Products
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Endotronix, Inc.

Medical Devices and Equipment
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Robinhood

Financial Services
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Physician Software Systems

Medical Devices and Equipment
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GreenPoint

Industrial/Energy
Micro 1e68e53e 119b 490a b69e d7f183eec82b

Neuros Technology

Consumer Products
Micro logo

Endotronix, Inc.

Medical Devices and Equipment
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Inovus Syndication

Industrial/Energy
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10x Technology

Industrial/Energy
Micro 46711b14 c87c 4931 ac2c c1cebe75d512

Advanced Diamond Technologies, Inc.

Industrial/Energy
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Power.com (Draper Fisher-DFJ, multiple angel gr...

Internet / Web Services
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Pursuit Vascular, Inc.

Medical Devices and Equipment
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Vasc-Alert LLC

Medical Devices and Equipment
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Lumec Control Products, Inc

Clean Technology
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Are You a Human

Internet / Web Services
Micro 24e7b58c b641 4c82 b4d1 bfe8b408beab

Hardcore Computer

Computers and Peripherals
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Right At School

Education
Micro 90c15ed5 02f3 4434 adbe a8e85c3bba95

Gearbox Express

Clean Technology
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PVPower, Inc.

Clean Technology
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Lucky Litter LLC

Consumer Products