"We looked at a few other angel groups in the past and Maverick Angels is by far the most professional and well organized group. I was truly impressed by the welcoming atmosphere, timely and honest feedback, and a genuine effort demonstrated by Maverick Angels to support and help other entrepreneurial ventures. I wish more angel groups operated the way Maverick Angels does."
Faisal Naveed
CEO
Orthoease
"Maverick Angels moved faster than any investors I've ever seen; we went from our initial presentation to due diligence in less than 3 weeks. I was blown away."
Jason Frankovitz
Founder
Seethroo
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Investment Criteria
Companies that apply to present to Maverick Angels are typically seeking Series A or B round funding, have achieved some validation in the market and have raised some seed level funding.
Investment Process
The selection process for prospective presenters is the following:
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On-Line Application
Prospective presenters complete the on-line Company Highlights page and submit a two-page Executive Summary. There is no cost to submit an application.
Pre-Screening Committee Review
Submitted applications are reviewed and assessed by the appropriate Maverick Angels Pre-Screening Committee. Each Committee focuses on a specific industry sector, including Software, Biotech/Healthcare, Consumer Products, Telecommunications, Media/Entertainment and Real Estate. These Committees select which companies should proceed to present at the Maverick Angels Deal Line-Up Meeting. Typically, 5 to 6 companies are chosen to move forward.
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Deal Line-Up Meeting
Selected companies give a 20-minute presentation to the Deal Line-Up Committee. This involves a 10-minute core presentation and a 10-minute Q & A session. We recommend using between 10-12 slides in your PowerPoint.
Once all of the companies have presented, the Deal Line-Up Committee votes to determine which top companies will present at the Maverick Angels Arena Meeting. Typically, 4 to 5 companies are selected to present at the Arena Meeting.
There is a $250 registration fee used to help support administrative costs. The registration fee is due before the Deal Line-Up Meeting and is non-refundable.
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Maverick Angels Arena Meeting
Companies chosen at the Deal Line-Up are invited to present to the full Maverick Angels Membership. The presentations are again 20 minutes in length (10-minute core presentation followed by a 10-minute Q & A session.)
Maverick Angels Members who are interested in learning more about each company turn in an investor interest sheet with their contact information. Once all of the company presentations have been given, the presenters are excused from the room while the Maverick Angels Members discuss the presentations. The recorded feedback is subsequently given to the entrepreneur in order to provide them with beneficial guidance.
Due Diligence
After the Arena Meeting, the company enters into a due diligence phase with the Maverick Angels Members who expressed interest in the company. Typically, a lead investor will arise to help coordinate due diligence efforts and negotiations with the company. Members reconvene within 45 days of the presentation to review the due diligence status. Members also utilize special collaborative on-line software called MaverickLink™ to organize and follow the due diligence process. Members then make separate investments following the due diligence period.a
Maverick Angels Boot Camp for Entrepreneurs: Prospective Presenters should consider attending the Maverick Angels Boot Camp for Entrepreneurs, a one-day intensive seminar focusing on the fundamentals of raising start-up capital from angel investors. Attendance at these training programs are not a condition to presenting to our network of investors, however they will provide you with invaluable guidance and resources as you raise start-up capital and grow your company going forward. To sign up for the Boot Camp, please contact Shelley Toy.
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