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ENTREPRENEURS
These
are the best of times and worst of times to start a business.
They really are the best of times since there a not many competitors,
but plentiful human capital and inexpensive factors of production
(real estate leases, interest rates, etc.). So we agree that
there is less venture capital now than in 2000, but it is still
much more than in 1995!
You
may wish to send us your business plan, meet with us the following
week, and present to the entire angel network immediately afterward.
That is really great, but we will ONLY work the following way
once we have the fund established:
- Business
Plans are only accepted to be presented through a network member
of Florida Angel Investors. If you are not one, then you must
convince one to sponsor you. If you do not know one, then you
must find out on your own.
-
We only will accept Business Plans for early stage ventures.
This does NOT include seed stage ventures that lack proof of
concept. We require:
- Minimum
Revenues of $250,000 that can be proven
- Paying
Customers that we can call
- Working
Products that we can test
- A
full business plan (20-30 pages) with all pertinent segments
and financials, that is preferably prepared by professionals
- PLEASE
ONLY SUBMIT VENTURES THAT MEET THESE CRITERIA
- We
highly recommend for success:
- Sustainable
competitive advantages (proprietary, unique and not copiable)
- Large
markets ( >$1B)
- Revenue
potential >$100M in five to seven years
- Returns
to investors of 25%-35% per annum
- Likely
exit strategy through IPO or strategic sale in five to sevent
years.
- Full
management team ready to go
- Proven
successes in past and potential of brilliance in present
ventures
- YOU
CAN ONLY SUBMIT ONCE, SO MAKE SURE YOU MEET MOST OF THE
ABOVE RECOMMENDATIONS
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