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OEN’s Angel Oregon

Wild Friends Foods, 2013 Fall Term Winners

Apply to OEN’s Fall 2014 Investment Term!

Got a great idea? We want to help it take flight. Apply to OEN’s Angel Oregon Fall 2014 Program for an opportunity to:

  • Receive an investment of $75-100k
  • Hone your pitch and business plan
  • Get intensive coaching and mentoring from our network of Angel Investors

If you are an early-stage entrepreneur for whom a $75-100k investment would help you reach a critical milestone, our Fall 2014 Term is a perfect opportunity.

Applications are due by Wednesday, Sept. 10, 2014. Before you start, make sure to review our eligibility criteria, timeline, and process.


Angel Oregon was such a great experience for us. It’s so important to step back and look at the big picture, and really helpful to have experienced people look at your company and ask the important questions.”

- Keeley Tillotson, Co-Founder, Wild Friends Foods
Fall 2013 Angel Oregon Winner


About Angel Oregon

OEN’s Angel Oregon is the premier investment program in the Northwest for angel investors and early-stage entrepreneurs. Since 2005, 494 companies have applied to compete for investment. From 2005 until Spring 2014, over $2.9 million has been directly invested through OEN’s Angel Oregon LLC investment award and there have been three favorable exits. Additional investment has been made outside of the LLCs, and more than 700 jobs have been created.

Questions?

If you are an entrepreneur interested in applying to our Fall 2014 program, please contact:
Julie Brown, Director of Special Events and Investment Groups

If you are an investor interested in participating, please contact:
Dan Ellis, Chair, OEN Angel Oregon Fall 2014 Term

For more information about becoming a sponsor, please contact:
Linda Weston, President & Executive Director, OEN


Eligibility

Our Fall 2014 is open to OEN members and non-members. There is a $50 application fee for OEN members and a $150 fee for non-members, which includes a one-year OEN membership. (Learn more about OEN membership benefits.)

To help you evaluate whether your company should apply to the Angel Oregon Fall 2014 Program, review these considerations that our Angel Oregon investors will be using in their evaluation:

Milestones & “Milestone Money”

  • Have you clearly identified milestones and the impact they will have on your business?  
  • Is this amount of funding sufficient to attain those milestones?

The Angel Oregon Fall 2014 Program will likely invest between $75k and $100k in the winning Early Stage Start-Up Company.  These funds should help the winning Company attain a significant milestone or milestones.

Company Structure

  • Are you incorporated?  

Angel Oregon will only consider companies that are incorporated.

Product Concept

  • Have you proven your business/product/technology concept? 
  • Do you have any market validation? 
  • What makes your product different? 

Angel Oregon investors will be looking for Early Stage Start-Up Companies that have a well-developed concept that has undergone some market testing.

Management Team

  • Do you have at least two key players on your management team? 
  • Are you working with any advisers or mentors? 

Angel Oregon investors like to see more than just a single entrepreneur involved in an Early Stage Start-Up Company and advisers/mentors involved who add relevant experience/expertise.

Sales/Marketing

  • Do you have a good conceptual view of your go-to-market strategy? 
  • What are the relevant sales and marketing fundamentals for your business? 

While we realize you’re early stage, investors will be looking for how well you understand the key drivers to capture sales.

Financials

  • Have you identified your high level funding needs (that tie to your milestones)? 
  • Where are you in developing financial projections? 
  • How well do you understand your numbers? 
  • What are those “make or break” factors that could impact your numbers in the first couple of years? 

We understand how tough it is to forecast numbers when you’re still in the early stages of starting your company.  Angel Oregon investors hope to see a solid understanding of the basic numbers and funding needs along with what will impact them, both positive and negative factors.


Timeline

Aug. 19, 2014:
Investor information session

Aug. 21, 2014:
Entrepreneur information session

Sept. 10, 2014:
Company application deadline

Sept. 12, 2014:
20 companies selected to proceed to next round

Sept. 17, 2014: 
Selected companies present 3-4 minute pitches to Angel Investors

Sept. 18, 2014: 
10 companies selected to present at first investor meeting

Sept. 30, 2014: 
Selected companies present at first investor meeting

Oct. 1, 2014: 
5-6 companies selected to present at second investor meeting

Oct. 14, 2014: 
Selected companies present at second investor meeting

Oct. 28, 2014: 
Third investor meeting – 3 finalist companies selected to present at fourth investor meeting

Nov. 11, 2014:
Finalist companies present at fourth investor meeting. Investors vote and winner is selected.


Process

Phase 1: Application Review

Once the application period is closed (Jan. 28), OEN’s Angel Oregon Fall Program due diligence team will review all applications and determine which companies most closely fit the Program’s criteria to move on to the first stage of investor review. If you do not make this cut, a member of the due diligence team will reach out to you to discuss your application and offer suggestions for improvement plus other feedback.

The first stage of investor review consists of all Angel Oregon Fall Program investors ranking the remaining GUST applications based on criteria provided that aligns with the “milestone money” focus of this investment award program. An additional cut will be made following this review. If you do not make this cut, a member of the due diligence team will reach out to you to discuss your application and offer suggestions for improvement plus other feedback.

Phase 2: Presentations

Early stage start-ups that make it through this review will then present to the Angel Oregon Fall Program investors as part of the first investor meeting. You will be given details of the requirements for this presentation at least one week in advance of the meeting.

Following the first round of presentations, there may be additional cuts. If you do not make this cut, a member of the due diligence team will reach out to you to offer suggestions for improvement plus other feedback.

Phase 3: Due Diligence

Angel Oregon Fall Program investors will then form due diligence teams around each of the remaining companies. You will be contacted by your due diligence lead and advised of the next steps in the process that will likely include one-on-one meetings, requests for additional information, etc.

Due diligence teams will report back to the full contingent of Angel Oregon Fall Program investors at the next investor meeting. Additional cuts may be made. If you do not make this cut, a member of the due diligence team will reach out to you to discuss your application and offer suggestions for improvement plus other feedback.

Phase 4: Q&A and Final Vote

Companies continuing in the process will receive additional questions, requests for information and possible meetings, too. The Angel Oregon Fall Program term sheet will be reviewed with all finalists in advance of the third and final investor meeting. Finalist companies will be asked to attend the final investor meeting to participate in a Q&A with investors, too.

Following final due diligence discussions and the Q&A session, investors will vote and the winner of the investment award will be announced! All remaining finalist companies will have the opportunity to meet with a member of the due diligence team to obtain suggestions for improvement plus other feedback.

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