PAN: Portland Angel Network
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Next PAN Meeting: Wednesday, December 3rd, 4:00 - 6:00 PM
Companies interested in applying to present at the January PAN/OAF meeting need to apply by 5:00 PM on Thursday, December 4th.
OEN’s Portland Angel Network (PAN) is an organization of 50+ accredited angel investors who seek to invest in early-stage growth companies in Oregon and SW Washington. Every other month throughout the year, PAN members meet to hear presentations from three companies pursuing angel funding.
A subset of PAN members who prefer to invest as a group have formed the Oregon Angel Fund (OAF). OAF is a highly structured, professionally managed, investor-led angel fund dedicated to investing in PAN applicants. OAF members form due diligence teams on opportunities they like and make investment decisions by a 2/3 majority vote of the OAF membership. OAF collaborates closely with PAN, but is managed independently and operates at arms length from PAN and OEN. Each year OAF creates a new fund and commits to invest in four PAN applicants over a 12-month period. PAN members have the choice of investing through OAF, alongside OAF on deals they like, or independently of OAF.
PAN members prefer to look at early-stage growth companies managed by individuals experienced in the markets they are pursuing, with strong growth and profit potential, and a clear opportunity for participating investors to realize a superior return on their investment (e.g., a 10X return over 5 years). Companies may be in any industry, but must be located in Oregon or SW Washington, and should be seeking capital in the range of $250,000 to $2,500,000.
Companies Looking for Funding
To be considered by PAN and OAF, a company should complete an online application called an "Entrepreneur Funding Request" on a private website for all PAN members to review. PLEASE NOTE: Companies must list as their primary location Oregon or SW Washington to be considered for funding by these groups. Applying companies may also post supporting documents to the secure web site, including an executive summary or short business plan (required), a financial plan, presentations, term sheets, investment subscription docs, etc. OAF members identify the plans with the greatest investor interest and recommend three companies to present at each PAN meeting.
With one application to PAN and a fee of $250 by credit card, companies are automatically considered by PAN, OAF, and the Women's Investment Network (WIN). Or, for $200, companies may apply directly to only the Women's Investment Network. The non-refundable application fee is used to partially offset expenses incurred during the entire review and due diligence process. It is the only payment that will be required whether or not a company receives funding from PAN, WIN, or OAF. Applicants to PAN, OAF, and/or WIN are eligible for a complimentary Private Business Plan Review. Companies selected to present at PAN and WIN are also eligible for a complimentary Private Investor Presentation Review.
Apply to PAN, WIN, and OAF and Submit Your Business Plan
Companies chosen to present at PAN will be expected to keep OEN apprised of any investment received through contacts made as a result of their presentation. This information will be collected for research purposes only, and will be aggregated. Investment in individual companies will not be made public, only total amounts invested collectively in all presenting companies will be announced.
In the event of funding from a PAN member, applicant agrees to share their financing information (e.g., how many PAN members participated and size of funding round) with OEN for publication on an aggregated basis (e.g, how many PAN deals received funding within a year and the total amount of dollars raised). Individual company financing data shall be treated as confidential.
OEN and PAN cannot make any recommendation or representation about the investment prospects of any particular company.
Entrepreneurs are strongly encouraged to complete the Private Business Plan Review process prior to applying to PAN.
OEN's Confidentiality Policy
Participating Investors
PAN members are entrepreneurs, CEO's, venture capitalists and business leaders who have funded and built successful companies. PAN members enjoy mentoring and coaching entrepreneurs of companies in which they invest, serving on their boards, providing contacts, and assisting with team building, strategic planning, and fundraising.
PAN members must be "accredited investors." An accredited investor, as defined by the Securities and Exchange Commission (Regulation D, Rule 501), is a person who has a net worth in excess of $1 million, either alone or in combination with their spouse, or who has in each of the past two years had an annual income greater than $200,000, or more than $300,000 in combination with their spouse.
Investors in the Oregon Angel Fund receive a complimentary 1-year OEN and PAN membership.
PAN Membership Information
OAF Information