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 an opportunity to learn how to invest together as part of a tight-knit community that is making lasting social and economic change. AngelNV investors meet like-minded people, start a portfolio, and gain access to an experienced investor network and high potential startups. 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, 1864, Sierra Angels, the StartUpNV investor syndicate, and others – more than doubling the value of their invested capital in just 3 years, and with continued wise choices, en-route to a 5x to 10x venture portfolio return over 10 years.
The AngelNV Conference starts with a four-month long Entrepreneur’s Track to prepare founders / companies and provide sufficient deal flow for angel investors. Founders / companies submit profiles for investor review beginning on January 23rd. Investors will review 50+ applications and continue to narrow the field until the AngelNV Conference Fund awards an investment on April 27, 2024. After multiple rounds of pitches and complete due diligence, a final winner (or winners) will be selected by participating angels to receive an investment – which is matched by the State of Nevada’s SSBCI program. In 2023, the program generated $1.1 million of total capital invested – from a baseline of 58 AngelNV investors who invested an average of $5,948 each.
Meet a Nevada Angel
Jeff is a fourth-time investor and one of three fund managers at AngelNV – along with being a general partner at FundNV, 1864 and the Sierra Angels. Jeff has been leader in building a vibrant and inclusive startup community and investor ecosystem in Las Vegas and throughout Nevada. The once nascent StartUpNV angel syndicate now has more than 280 investors, about half of whom learned through the AngelNV program. Since 2021, AngelNV investors like Jeff have gone on to (collectively) fund 33 transactions in 23 companies, investing more than $6.7M – which is (as of 1/31/2024) worth 2.1 times that amount.
Schedule a chat with Jeff to see if AngelNV or startup investing is right for you. The general guidance is to invest no more than 10% of your net worth in the early stage venture investment asset class – ask Jeff or another fund manager why and how it works.
What the investment covers:
$5,500/unit
- $5,000 of unit cost is invested.
- The remaining $500 tax deductible donation is billed separately by StartUpNV (a 501c3 non-profit) and covers program operation costs, Nevada Blue Sky state fees, and fund set-up and administrative costs for the life of the fund (~7 years).
- Additional units cost $5,000 (limit 4). No admin fees or donation on additional units.
- All units have voting rights – 1 vote per active unit with a max of four (4) votes, even with five (5) or more units.
- An extra one-half voting unit is awarded to diligence team leaders and fund administrators for the additional work required.
- Investors domiciled outside of Nevada may incur additional blue sky fees for their states ($300 to $500 for most states)
- Fees also include access to AngelNV Investing Bootcamp, ACA Membership, and two (2) finale event tickets.
INVESTOR MEETING SCHEDULE
Our Schedule has most meetings meetings on Tuesday evenings starting at 5 and finishing between 5:45 and 6:30pm. All weekly sessions are hybrid in-person and online via a zoom and in our Downtown Las Vegas office. Most investors attend weekly sessions via zoom then attend the straw poll and finale in person, but the choice is yours. All weekly sessions are recorded and made available by an unlisted link on our YouTube Channel.
| Week | Date (2024) | Topic | Comments / Style | Start | End |
|---|---|---|---|---|---|
| 0 | 01-23 | Education Kickoff | Lecture | 8:30 | 1:45 |
| 1 | 01-30 | Intros, Team Assignments, Process explanation, Dealum Intro | Collaborative | 17:00 | 18:15 |
| 2 | 02-06 | Initial Reviews, Team Meetings, Company Assignments | Collaborative | 17:00 | 18:15 |
| 3 | 02-13 | Team Breakouts, Team presentations, Company reviews | Collaborative | 17:00 | 18:15 |
| 4 | 02-20 | 3 minute pitches, straw poll, vote due by Friday | Collaboration | 17:00 | 18:15 |
| 5 | 02-27 | Discussion and top 12 selection | Collaboration | 17:00 | 18:15 |
| 6 | 03-05 | 10 minute pitches, straw poll, vote due by Friday | Pitches + Q&A + Vote | 17:00 | 1918:15 |
| 7 | 03-07 | 10 minute pitches, straw poll, vote due by Friday | Pitches + Q&A + Vote | 17:00 | |
| 8 | 03-12 | Discussion and finalist selection, DD team assignments | Collaboration | 17:00 | 18:15 |
| 9 | 03-19 | DD Team Findings & Reports | Collaboration | 17:00 | 18:15 |
| 10 | 03-26 | DD Team Findings & Reports | Team Lead Preso + Q&A | 17:00 | 18:15 |
| 11 | 04-02 | DD Team Findings & Reports | Team Lead Preso + Q&A | 17:00 | 18:15 |
| 12 | 04-09 | DD Team Findings & Reports | Team Lead Preso + Q&A | 17:00 | 18:15 |
| 13 | 04-16 | DD Team Findings & Reports | Team Lead Preso + Q&A | 17:00 | 18:15 |
| 14 | 04-22 | DD reports due by noon | Team Lead Preso + Q&A | 12:00 | 12:00 |
| 14 | 04-23 | DD discussion and straw poll | Team Lead submits | 17:00 | 18:15 |
| 14 | 04-27 | Finale Event | Event / Party | 13:00 | 16:00 |
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.
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.
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.
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.
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.
Who can invest in the fund?
Accredited Investors as defined by the US Securities and Exchange Commission.
What are the investor terms of AngelNV?
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 AngelNV?
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.
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.
How will AngelNV source deal flow?
AngelNV expects that the extensive statewide network of StartUpNV will provide sufficient applicants to the fund.
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 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.
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
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 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.