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Virginia Active Angel Network

Angel Group · 5 Members · Charlottesville, VA, USA · ACA
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Our Investment Focus

Virginia Active Angel Network's ideal investment is first and foremost run by an amazing entrepreneur who has a great deal of confidence, has already figured out how to get excellent legal and accounting representation as well as has a well-thought out 20 minute presentation that understands what investors in early and seed-stage deals really want: to make a return for their risk and to get an idea when the investor should reasonably expect to get their investment returned to them and at what multiple. VAAN does not require nor normally ask for a board seat but insists on a board advisory role sitting in on EVERY single board meeting. The investment is more attractive if a credible Angel Capital Association group is already involved and successfully has documents and information showing that it is working on the deal and the opportunity all the time and thus makes it easier for VAAN to be able to invest "alongside" a lead investor. We will lead, but we prefer to co-invest when possible due to our small (but prolific investing) size. VAAN members do not seem as interested in opportunities that rely on ten and 20 years to blossom and sometimes this can mean biotech, though VAAN members have made several investments in this area and successfully. VAAN is looking to help smart, educated, honest and communicative entrepreneurs with a great idea alongside others that believe in them enough to invest. VAAN is not interested EVER in investing to pay back the founders or to pay back debt already owed. It doesn't mean that companies won't have prior debts, just that VAAN will not be investing to provide payment back to entrepreneurs, founders or board members for loans or accrued earnings of any kind. We hope you will consider VAAN and look forward to getting your submission. However, please remember that if you are URGENTLY looking for funds, VAAN is probably not suitable for you because we take some time to review our submissions and in 2009 we are about 20 days behind our usual attentiveness due to the increase in need from entrepreneurs and the derth of investing dollars at this time of low credit lending. Thank you. The Management

Preferred Industries

  • Business Products
  • Clean Technology
  • Education
  • Electronics / Instrumentation
  • Food and Beverage
  • Gaming
  • Healthcare Services
  • Internet / Web Services
  • IT Services
  • Media and Entertainment
  • Medical Devices and Equipment
  • Mobile
  • Nanotechnology
  • Networking and Equipment
  • Other
  • Software
  • Sports
  • Telecommunications
  • Travel