StartUpNV (SNV) is a NV statewide accelerator and incubator that helps Founders/Startups to Create, Collaborate on and Capitalize their businesses by providing mentoring and support services, as well as fostering fund formation to invest in Nevada companies.

To educate accredited investors on how to be successful angel investors in Nevada startups, growing our local startup ecosystem, diversifying our Nevada economy, and giving our local investors the chance to succeed in Nevada.

AngelNV is targeting a fund totaling $400,000 (or more) on or before April 29, 2023. Member units are priced at $5,000 each, with an additional administrative and legal fee of $1,000 per unit for active investors. Investors may also choose passive investing, where they have no votes and the administrative legal fee is $500. The conference fund requires Limited Partners (members) to be Accredited Investors.

Because this is a conference fund, the active investors will vote collectively on which startups to pursue through a series of pitches.  The process uses the votes to arrive at about 6 finalist companies that the active angels will perform due diligence on. An “Active” member Angel is committed to attending all of the training and at least 60% of the periodic meetings about the companies.  Other accredited members may invest passively and participate occasionally in training and meetings, but will not participate in the final selection. Management of the tax filings is handled by the service provider. 

AngelNV expects that the extensive statewide network of StartUpNV will provide sufficient applicants to the conference fund. To enable this, AngelNV includes an Entrepreneur Bootcamp that runs in the fall, preparing founders for the AngelNV Investor Bootcamp.

AngelNV will be $200,000 to $400,000 with a targeted minimum investment of $200,000, which will be matched by SSBCI funds 1:1. The final amount raised by investors will be matched, and the companies receiving the investments will be decided on April 27, 2024 at the finale event at Las Vegas City Hall.

The first place winner of AngelNV will receive a minimum $200,000, matched by SSBCI funds for a total of $400,000. The angel group will vote on secondary and tertiary investments just before the finale, depending on the results of due diligence and amount of funds available. These investments will also be matched by SSBCI funds. All the investments are through a Special Purpose Vehicle type fund. (SPV).

Active and passive member units are priced at $5,000 each, with an additional administrative and legal service fee of $500 for the first unit. Passive investors may join for $5,000 per unit. Passive investors do not have to attend the sessions or perform due diligence.  The minimum investment is 1 unit, there is no maximum up to 40 units, although no investor will have more than 4 votes (1 per unit up to 4).

This segment of Asset Class, early stage startup companies, is considered to be very risky and it is possible for you to lose your entire investment given the very high risk. Prospective investors should give careful consideration to actual and potential risk factors and conflicts of interest discussed in the PPM in evaluating the merits and suitability of an investment in the fund. An investment in the fund, and the portfolio companys’ securities, involves considerable potential risks including the possible loss all or a material portion of your investment. You should closely review the written AngelNV “Risk Factors” noted in the PPM when considering an investment in AngelNV.

First and foremost, we believe the AngelNV training, low cost, and risk mitigation will produce a competitive return over time. Additionally, AngelNV provides an opportunity to help develop a sustainable startup ecosystem throughout the state of Nevada that historically has been neglected by the venture industry. It is also an opportunity to attract to the state scalable startup businesses and founders with big ideas and build a more resilient state economy.

Typical sites that contain information about risks, returns, etc., are the Kauffman Foundation, Angel Capital Association, and the National Venture Capital Association. You can find out detailed information about AngelNV in the fund’s Private Placement Memorandum (PPM). Please request access via email to jeff@startupnv.org

AngelNV LP’s (limited partner members) make the final decisions about what company or companies receive investment. The AngelNV conference will seek applications from a wide array of scalable startup companies, primarily based in Nevada.

No. You should only consider investing if you are comfortable with potentially losing all of your investment — or not seeing any return for at least 7 years — and possibly closer to 10 years. The clear objective of any AngelNV conference fund is to earn a substantial return, however, investments in early-stage companies are risky. While we seek to mitigate that risk by providing education through the AngelNV conference, the investment risks remain very high.

Yes, so long as your IRA documentation and Institution allow such an investment.

It is a Nevada LLC.

The fund is using a service provider platform for all back-office reporting requirements. You will be able to access information via the provider, including annual updates on fund investments. StartUpNV will send quarterly investor updates via email.

Yes, to the extent the company seeking funding via the AngelNV requires additional capital and that company allows additional investment for the AngelNV via a “sidecar” mechanism. The finalist companies may create sidecars for investment whether they win the overall AngelNV fund investment or not. There is no requirement that AngelNV members invest in any sidecars. 

No, the terms of the LP (LLC Member) agreement are set by the provider, cannot be modified, and are part of the investment agreement.

StartUpNV is the organizer of AngelNV, but they are separate legal entities. StartUpNV is an IRS approved 501(c)3 non-profit. AngelNV is a for profit venture fund formed as a Nevada LLC.