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Next PAN Meeting: Thursday, March 8th, 3:45-6:15 PM
Companies interested in applying to present at the May PAN meeting need to apply by 5:00 PM on Thursday, March 1st.
PAN and the Oregon Angel Fund only consider companies to present in front of investors who are headquartered in the state of Oregon or SW Washington (Vancouver, Camas, Ridgefield, Longview).
(note: this link will take you to the PAN application page on Gust.com)
PAN Background
PAN's primary focus is serving the needs of Angel Investors (and in doing so, enabling the success of worthy entrepreneurs).
PAN members are typically entrepreneurs, CEOs, venture capitalists and Northwest business leaders who have funded or built successful companies. They enjoy mentoring and coaching entrepreneurs of Oregon and SW Washington businesses in which they invest - serving on their boards, providing contacts, and assisting with team building, strategic planning, and fundraising. The Entrepreneurs are typically individuals who are managing early-stage startup companies and are looking for investment capital ranging from $100K - $1.0M and also for feedback and advice.
To be a relevant organization, PAN needs to differentiate itself and provide a unique set of services to its customers and stakeholders while still encouraging collaboration and cooperation among all angel venues.
Initial analysis of the market indicates there is a need for a group of angel investors who work together closely and are interested in making individual decisions based on collective due diligence whether to fund with as little as $5K for each angel investor in an early stage company typically needing capital from $50K to $150K ‘milestone money’ to keep going. To maximize its value, PAN will most likely align itself in a value chain with key other groups including Angel Oregon, Oregon Angel Fund, Portland Seed Fund, TiE, and others. PAN will seek out and strive to serve unmet needs of angel investors in this continuum.
Mission and Goals
Mission: Support OEN's mission by providing a forum for PAN members to work with each other and entrepreneurs to support them with funding and advice to promote and foster business growth and employment opportunities in Oregon.
Goals:
a. To provide a forum for PAN members where they can find and qualify investment opportunities in early stage companies with potential to scale and likelihood of an exit and which have not yet received professional funding.
b. To provide a venue for entrepreneurs to present their ideas and seek funding and advice to grow their companies successfully
c. PAN will target to see eight (8) early stage companies per year in four presentation sessions and four due diligence report-out sessions.
d. Target to invest on PAN Terms $50-$150K in 50% of those companies.
Customers and Needs
PAN has one key customer: the investor.
Members are people who have had success creating and/or running companies. They are now looking to help other entrepreneurs in doing the same. They are also looking for angel investment opportunities.
Entrepreneurs are people who are in the process of starting a company to provide a new product or service. They are looking for a place to present their ideas, get feedback, and get funding and advice..
Join PAN
If you wish to join PAN, please do so online on the OEN Join page. Once your PAN membership dues are paid through OEN, you will gain access to AngelSoft.net site to review entrepreneurial executive summaries and correspond with other PAN members.
Not an OEN member? Apply now.
Investors in the Oregon Angel Fund receive a complimentary 1-year PAN and OEN individual membership.