Learn to invest as part of the AngelNV community and make an impact

How does the AngelNV Conference work?

AngelNV connects early stage investors (angels) with entrepreneurs in the Nevada startup community. We provide potential angels the opportunity to learn how to invest together as part of a tight-knit community that is making lasting social and economic change. Angels meet new people, start a portfolio, and gain access to an experienced network. Our first-time investors grow to be part of the state-wide Nevada ecosystem, form their own investing funds / groups and/or join other organizations like FundNV, Reno Seed Fund, Sierra Angels, and others.

The AngelNV Conference starts with a four-month long Entrepreneurs Track to prepare companies and provide sufficient deal flow. Those companies submit complete profiles for investor review beginning on January 24th. Investors will review 50+ applications and continue to narrow the field until the AngelNV Conference awards an investment on April 29, 2023. After multiple rounds of pitches and complete due diligence, a final winner will be selected by participating angels to receive the investment.

Meet a Nevada Angel

Jeff is a third-time angel for the inaugural AngelNV Conference. Jeff has been leading the effort for StartUpNV throughout Nevada – with loads of help from former Vegas Valley Angels and a burgeoning startup ecosystem in Las Vegas. Investors like Jeff have gone on to form and become involved in FundNV, the Sierra Angels, and other investor groups.

Jeff Saling

StartUpNV Lead | FundNV Investment Committee

There are two options to earn your halo as an AngelNV investor

INVESTOR BOOT CAMP SCHEDULE

This Tentative Schedule assumes most meetings will occur on Tuesday evenings.  A poll will be taken of the investors to confirm or change the weekly meeting days and times.  All sessions will be offered in-person and online via a simultaneous, physical location linked, zoom session in our offices in Las Vegas and Reno.  Attend in person in Las Vegas, Reno or virtually via zoom. All weekly sessions are recorded and made available to all registered investors by an unlisted / private link on our YouTube Channel.

 

WeekDate (2023)TopicComments / StyleStartEnd
001-24
Education KickoffLecture8:301:45
101-31 Intros, Team Assignments, Process explanation, Gust IntroCollaborative 09:0013:00
202-07
Initial Reviews, Team Meetings, Company AssignmentsCollaborative09:0013:00
302-14 Team Breakouts, Team presentations, Company reviewsCollaborative16:3018:00
402-21 3 minute pitches, straw poll, vote due by FridayCollaboration16:0018:30
502-28 Discussion and top 12 selectionCollaboration16:3018:30
603-07 10 minute pitches, straw poll, vote due by FridayPitches + Q&A + Vote16:3018:00
703-14 Discussion and finalist selection, DD team assignmentsCollaboration16:0018:30
803-21 DD Team Findings & ReportsCollaboration16:3018:00
903-28 DD Team Findings & Reports Team Lead Preso + Q&A16:3018:00
1004-04 DD Team Findings & Reports Team Lead Preso + Q&A16:3018:00
1104-11 DD Team Findings & Reports Team Lead Preso + Q&A16:3018:00
1204-18 DD Team Findings & Reports Team Lead Preso + Q&A16:3018:00
1204-24 DD reports due by noonTeam Lead Preso + Q&A12:0012:00
1204-25 DD discussion and straw pollTeam Lead submits16:3018:00
1204-29 Finale EventEvent / Party13:0016:00
Frequently Asked Questions (FAQ)
What is StartUpNV(SNV)?
StartUpNV (SNV) is a NV statewide Incubator that helps Founders/Startups to Create, Collaborate on and Capitalize their businesses by providing mentoring and support services.
Why is StartUpNV running AngelNV?

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.

What are the investor terms of FundNV?

AngelNV is targeting a fund totaling $200,000 (or more) on or before March 31, 2023. Member units are priced at $5000 each, with an additional adminstrative and legal fee of $500-$1,000 per unit. The fund will be managed through the Assure Glassboard platform and requires Limited Partners (members) to be Accredited Investor Members of Glassboard.

Who will manage FundNV?

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.

Who can invest in the fund?
Accredited Investors as defined by the US Securities and Exchange Commission.
How will AngelNV source deal flow?

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

How big will the fund be?

AngelNV will be $200,000 or more, depending on the number of investors, with a minimum investment of $200,000 in the winning company with excess funds potentially being invested in secondary and tertiary companies. 

What is the maximum initial investment by AngelNV that will be allowed per company?

The maximum total investment from AngelNV will be $200,000 per company from the conference fund. Additional funds will be invested in secondary/tertiary companies as decided by the Angels in advance of the final vote for investments. 

How much can I invest?

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. Only the first four units will have voting power. 

How much risk is involved?

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.

Why should I invest 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 scalable startup business and founders with big ideas to the state and build a more resilient state economy.

Where can I find information about this type of investment?

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 baca@startupnv.org

What type of startups will the fund invest in?

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.

Once I invest, may I withdraw my funds before the fund is terminated?

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.

Can I invest with IRA assets?

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

What type of legal entity is the fund?

It is a Nevada LLC

What kind of reporting will I get?

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.

Can I invest additional money as a Limited Partner (member) with AngelNV?

Yes, to the extent the company seeking funding via AngelNV requires additional capital and that company allows additional investment for the AngelNV via a “sidecar” mechanism. This will occur on a case-by-case basis. 

As a Limited Partner, am I allowed to negotiate terms of the Limited Partnership agreement for the Fund?

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

What kind of returns can I expect?
As stated, risk in these types of investments are very high and as such returns could be a total loss or in the historical range for early-stage ventures of 3x to 5x. Past historical returns for this category of investing are no guarantee of future returns and you should invest only with this understanding.
What is the relationship between AngelNV and StartUpNV

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.