Reno Angels
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The Reno Angels meet the second Monday of each month from 5:30 – 7:30 pm. The meetings are open to prospective members who meet the SEC criteria as an “Acrredited Investor.” (You can find the criteria at http://www.ncet.org/sec-accredited-investor-criteria/) Please contact Dave Archer at Dave@NCET.org if you’re interested in attending one of these meetings.
Please note that the Reno Angels is NOT yet accepting proposals from individuals or companies seeking investments.
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“Reno Angels” Moving Forward
Efforts to form the Reno Angels investment group are moving forward!
Over 65 people attended the first two meetings, and 27 people signed up as potential Reno Angels.
The Reno Angels have formed an organizing committee, which holds its first meeting at noon on Tuesday, April 15 to look at options for the formal creation of the Reno Angels:
Please contact Dave Archer at Dave@NCET.org if you’re interested in joining the Reno Angels, or volunteering for organizing committee. Please note that you must meet the SEC criteria as an “Acrredited Investor” to participate. You can find the criteria at http://www.ncet.org/sec-accredited-investor-criteria/
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Reno Angels Organizing Meeting
Monday, April 7 > 5:30 until 7:30 pm
Room 206 – TMCC’s Meadowood Campus, Reno
(Located at 5270 Neil Road, just behind the Meadowood Mall)
The first Reno Angels organizing meeting was a tremendous success, and we’re holding the next meeting on Monday, April 7 from 5:30 until 7:30 pm in Room 206 at TMCC’s Meadowood Campus in Reno. The meeting is open both to the people who participated in the first meeting, as well as new potential angel investors.
The organizing meeting will feature brief presentations from both current angel investors and representatives of companies who have received angel investments, followed by a discussion and a “question and answer” period. The meeting’s goal is to establish a formal working group to begin formally creating the Reno Angel’s organization.
Angel investors are people who invest in high risk / high reward businesses and are often interested in sharing their experience and expertise with other entrepreneurs. Angel investors often invest a total of $25,000 to $50,000 each year, and aggregate these individual investments with other members of their angel group to make total investments in a particular company in the range of $150,000 to $1.5 million.
To participate in an angel investment group, an individual must meet the US Securities and Exchange Commission’s definition of an “Accredited Investor”:
- a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
- a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
- a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
Please RSVP to Emily Lowe at Dave@NCET.org. For more information, please visit www.renoangels.org
Angel Resources:
- Power of Angel Investing seminar (Kauffman)
- Sue Preston’s book: A Guidebook to Developing the Right Angel Organization for Your Community. (Kauffman)
- American Angel Investing; U. of VA
- Angel Capital Association website http://angelcapitalassociation.org & ACA Annual Summit
- AngelSoft software
- Newsletters: National Dialogue on Entrepreneurship and Nat’l Assoc. of Seed & Venture Funds
- www.publicforuminstitute.org/nde and netnews@nasvf.org
- National Governors Assoc. www.nga.org.center
- Sharing ideas and collaborative due diligence & co-investing among regional angel groups
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Reno Angels Organizing Meeting
Thursday, March 13
5:30 until 7:30 pm
Room 214, UNR Redfield Campus, 18600 Wedge Parkway in Reno.
NCET, Nevada’s Center for Entrepreneurship and Technology, is holding an an organizing meeting for people interested in creating a “Reno Angels” investment group. The meeting will be held on Thursday, March 13 from 5:30 until 7:30 pm in Room 214, UNR Redfield Campus at 18600 Wedge Parkway in Reno.
Angel investors are people who invest in high risk / high reward businesses and are often interested in sharing their experience and expertise with other entrepreneurs. Angel investors often invest a total of $25,000 to $50,000 each year, and aggregate these individual investments with other members of their angel group to make total investments in a particular company in the range of $150,000 to $1.5 million.
The organizing meeting will feature brief presentations from both current angel investors and representatives of companies who have received angel investments, followed by a discussion and a “question and answer” period.
Participants include:
- Bob Goff, Chair, Sierra Angels
- Mike Hess, CEO, Mariah Power
- Bill Payne, Vegas Valley Angels, Kauffman Foundation Entrepreneur-in-Residence
- Rudi Wiedemann, President / CEO, Biodiesel Solutions, Inc.
“Greater Reno-Tahoe is ready for a second Angel group to complement the great work done by the Sierra Angels,” said Dave Archer, NCET’s CEO. “We’re seeing a larger number of start-up companies needing angel investors, and at the same time, a growing number of high net-worth individuals looking for new investment opportunities.”
The Reno Angels organizing meeting will take place during eWeek, a week-long celebration of Nevada’s entrepreneurs and small businesses. “Nevada’s companies have fewer than 20 employees, clearly demonstrating their importance to Nevada’s economy.” Archer added. “The same entrepreneurs will drive Nevada’s future economic growth, vitality and diversity.”
To participate in an angel investment group, an individual must meet the US Securities and Exchange Commission’s definition of an “Accredited Investor”:
- a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
- a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
- a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
