Review on Houston Angel Network by jesus ruiz
HAN, true angels for entrepreneurs.
Houston Angel Network (HAN) was founded in 2001 and has since invested, as a group, more than $61.7 million in 198 deals.
In my view, a not-for-profit company that is dedicated exclusively to supporting entrepreneurs and early-stage companies that are struggling with funding must be made up of true angels in the investment and marketplace world.
Houston Angel Network is made up of accredited investors who provide the necessary capital and advice to early stage companies to foster their development.
But how can you get the protection of these Angels?
The applicant company must have between $250,000 and $1.5 million in equity funding, must have a complete and working prototype and have market validation. Then an application for funding must be submitted, finally HAN members identify companies they are interested in, so there is no guarantee that every company that submits an application, will be invited to make an investment presentation.
All applicant companies that are participating in the HAN project will be reviewed at an agenda planning meeting and 3 companies will be selected at this meeting.
The selected companies are required to make a presentation at the following meeting and will be asked to answer a series of questions related to the submitted project.
Any of HAN's partner companies have access to the database of companies to be supported and will thus be able to invest in any pre-selected early stage company from a variety of industries.
Pros
- Project participants will have the opportunity to network with HAN members.
- HAN provides its business partners with the opportunity to participate in educational events.
- Participating companies will receive cash and strategic support from experienced investors.
Cons
- HAN does not evaluate companies in the following sectors: entertainment, real estate development, bars/restaurants/spas.
