Since 2005, we have been working diligently to rebuild the angel group, the Network of Business Angels & Investors. We have positioned ourselves a little different that other traditional angel groups. The members of NBAI collaborate on due diligence, but make indendent decisions. They are willing to invest early stage capital in companies not from Georgia, as long as there is a lead group of investors in that company’s back yard. Lastly, they are somewhat industry agnostic, having invested a wide variety of emerging growth companies since inception in 1994 and since the rebirth in 2005 (http://www.launchfn.com/id155.html more are being added as I write). The angel investor members of NBAI look to see that the business model makes sense, they have a solid management team that can execute, a unique value proposition to the market and can the investor expect to make money on the investment. As one of our investors at the last NBAI Meeting so apply demonstrated with his t-shirt under his jacket “What’s $$$ in it for me?”. Anybody that thinks angel investors aren’t ultimately motivated by a positive return on investment is simply naive. Yes they may have double bottom line motivations….minority owned business, or good for the environment, or solve a terrible health problem….but at the end of the day it still needs to produce a return. Think about, if it doesn’t produce a return, that means the company failed and any other motivation they had to be a “Compassionate Capitalist” to bring innovation to the market, create jobs, create a legacy….also vanished with the failing of the company.
Making the Inc Magazine’s Top 75 Angel Investor Group is validation and reward for the hard work of the last 4 years to bring to Atlanta and the Southeast a “country club” for small business investors who want to look at good deals that have potential, make friends among their socio-economic peers, and make some money by being “Compassionat Capitalists”! http://www.inc.com/magazine/20090101/wingmen-and-women.html
Currently the NBAI Member Meeting is held on the 2nd Wed of each month in Atlanta. Our next event is on June 10th, followed by August 12th. All the details about the event, attending as a non-member and applying to be considered for entrepreneurs can be found at http://www.launchfn.com/id150.html
New Members get a copy of the 5 book series authored by Karen Rands “Learn to Be an Angel Investor” that goes through the history, process and decision cycle for a new investor. http://kyrmedia.com/index.php
NBAI (www.nbai.net) has great plans instore for the remainder of this year. We are joining the Angel Capital Association and we are using AngelSoft so our members can collaborate on deals they like and then syndicate with other angel groups. We are laying the foundation to start an angel fund for providing the first capital in on the A Round. It is truly an exciting time as NBAI grows to new heights.
Picture from a recent NBAI Meeting