January 11th, 2010
REMINDER: OEN Angel Oregon 2010 applications are due today
One of the most important issues with every company wrestles is finding the capital they need to remain competitive. But it’s especially an issue for startups.
And there’s no better way to get some of that critical capital—after you’ve exhausted your friends and family funding—than getting involved with Angels who both understand the startup environment and provide that much needed bump.
But where do you meet those folks? There’s no better place than Angel Oregon. Even better? Angel Oregon has been focusing on improving its competition for seed stage companies. And if you’re interested in seeing how, you better get a move on. Applications for Angel Oregon 2010 are due today.
And now they have a specific category, exactly for those small startups:
Seed-stage companies – A seed company applicant is in early stages of development. A clear idea of the business concept is formulated with some progress on the business model and investment opportunity. It is understood that the product and plan may not be complete, although the more progress the better. There are founders in place with a clear division of roles and responsibilities. Some progress should have been made on understanding target market and the competitive environment, with a preliminary set of marketing and sales strategies outlined. Financials should include estimated revenue projections with supporting assumptions. Seed-stage applicants should need small amounts of capital ($25,000 – 50,000) to reach a significant milestone that will attract interest from investors in a subsequent funding round. The application fee and one registration to the event for Seed-stage companies is $198.
Less than $200 could translate into the capital your company needs. So take a few minutes to apply. Interested in other local Angel groups? Check out this guest post on the Oregon Angel environment from John Sechrest.