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 $200,000 (or more) on or before March 25, 2021. Member units are priced at $5000 each, with an additional adminstrative and legal fee of $1,000 per unit. The fund will be managed through the Assure Glassboard platform and requires Limited Partners (members) to be Accredited Members of Glassboard.

An Investment Committee (IC) of “Active” members selected by StartUpNV and AngelNV LP’s (members).  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.

AngelNV expects that the extensive statewide network of StartUpNV will provide sufficient applicants to the fund.

AngelNV will be $100,000 to $200,000 with a targeted investment of $200,000 on March 25, 2021

The maximum total investment from AngelNV will be $200,000 per company from the conference fund. Additional investments may be made via a “side car” special purpose vehicle (SPV).

Active and passive member units are priced at $5000 each, with an additional administrative and legal service fee of $1000 per unit.  The minimum investment is 1 unit, there is no maximum up to 40 unit total amount of the fund.

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 companies securities, involves considerable potential risks including the possible loss all or a material portion of your investment. You should closely review the written FundNV “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 an 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 scalable startup business and founders with big ideas to the state 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) on Glassboard. Please request access via email to jeff@startupnv.org

AngelNV LP’s (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 Southern 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.

It is a Nevada LLC

The fund is using the Assure Glassboard platform for all back-office reporting requirements. You will be able to access information via Glassboard including annual updates on fund investments.

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.

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

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