Stages:

• Early
• Seed

 

Industries:

Information Technology

Life Sciences & Healthcare

 

Description:

Resulting from the merger of two previously existing angel investor groups in the summer of 2000, the Sacramento Angels is a group of individuals who invest in early-stage emerging-technology companies in Northern California. The group has invested in nearly 35 firms over the past decade. Sacramento Angels meets once a month (excluding August and December) over dinner and listens to presentations from candidate companies. Members act on their own behalf and make individual investment decisions. Sacramento Angels membership is open to individuals who are accredited investors with the experience and desire to invest in and work directly with emerging-technology companies. The Sacramento Angels accepts applications for review from entrepreneurs who meet the following criteria: Growing market/business opportunity with a potential of generating $50 to $100 million in annual revenues over the first 3-5 years; a compelling, well articulated strategy for capturing and defending a significant market share; barriers to entry such as proprietary technology (IP) or business leadership; key management positions in place with relevant and successful track records; capital needs, not to exceed $2M, sufficient to accomplish significant milestones and attract the next level of funding; far along towards completing prototype/beta version of the product; an exit strategy for investors; and a location in Northern California. The firm has invested $140 million in over 100 companies since its founding in 2000.