Got a great idea? We want to help it take flight.
OEN’s Angel Oregon attracts the state’s brightest doers, innovators, and big thinkers.
Held in the fall and spring of each year, OEN’s Angel Oregon offers early-stage companies an opportunity to compete for an investment award while receiving valuable coaching from angel investors and serial entrepreneurs. Meanwhile, new angel investors have a chance to learn about angel investing, conduct due diligence, and network with experienced investors.
OEN’s Spring Program, launched in 2005, culminates in the annual Angel Oregon Showcase, during which finalist companiespresent their pitches to a crowd of over 300 investors, business leaders, and entrepreneurs. One winner is awarded a check, historically ranging from $250,000-300,000.
OEN’s Fall Program, launched in 2013, typically culminates in an investment award of $50,000-100,000.
Since 2005, 551 companies have applied to compete at Angel Oregon, and 89 were selected to present. 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 740 jobs have been created.
OEN’s Angel Oregon Fall 2014 Program is currently underway! If you are interested in participating as an investor, there is still time to join our LLC. Please contact Julie Brown for details.
OEN’s Angel Oregon Fall 2014 Program Timeline
Sept. 12, 2014:
Company application deadline
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 semifinalist companies selected to present at second investor meeting
Oct. 14, 2014:
Second investor meeting – due diligence teams report
Oct. 28, 2014:
Third investor meeting – seminfinalist companies present and 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.
Phase 1: Application Review
Once the application period is closed (Sept. 10), 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.