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North Bay Angels

Angel Group · 69 Members · Healdsburg, CA, USA · ACA
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About this Program

The North Bay Angels (NBA) is the oldest and largest angel investment group north of the Golden Gate.

Our Investment Focus

Our ideal start up investment has:


• Unique and protectable advantage in its market and addresses a critical need


• Beyond the concept stage and have at least a functioning prototype of its product or service


• Ideally, it should have demonstrated market acceptance


• Total capital needs to execute the business should be modest


• At least the beginnings of management team and board should be in place.


• We tend to prefer companies located in northern and central California and nearby Nevada


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Mezzanine Financing for Established Companies: Flex-Mezz


NBA's Flex-Mezz extends the group's reach to address established North Bay companies with proven management. This financing is appropriate for companies that fall between the criteria of angel investments and bank financing. These companies have additional options beyond equity rounds because they are capable of generating dependable cash flow. The business is not currently bankable without a longer financial track record of stability. Investors' expected returns are lower than for angel investments but higher than for bank financing.


Our ideal Flex Mezz investment has:


• Sales in excess of $1,000,000 with positive cash flow


• It is preferred that companies be exporters of products or services to areas outside of the North Bay


• Services such as restaurants, retailers, and most professional providers are unlikely to meet criteria


• The range of a potential investment is $250k - $2M


• Investors expect a portion of the financial return to be paid monthly or quarterly

Portfolio


RABBL

Media and Entertainment

DonationPay

Internet / Web Services

Apozy

Security

Luma Therapeutics

Medical Devices and Equipment

Work Truck Solution

Business Products

Vet24seven, Inc. (dba Ask.Vet)

Internet / Web Services

NonProfitEasy

Software

Crater

Software

Materna

Medical Devices and Equipment

Laloo's Goat's Milk Ice Cream

Food and Beverage

Revolights, Inc.

Consumer Products

VinoShipper

Internet / Web Services

UpOut

Consumer Products

Preferred Industries

  • Biotechnology
  • Business Products
  • Business Services
  • Clean Technology
  • Education
  • Electronics / Instrumentation
  • Financial Services
  • Food and Beverage
  • Gaming
  • Healthcare Services
  • Industrial/Energy
  • Internet / Web Services
  • IT Services
  • Medical Devices and Equipment
  • Mobile
  • Nanotechnology
  • Networking and Equipment
  • Real Estate
  • Retailing / Distribution
  • Security
  • Software
  • Telecommunications