What is an angel investor?
Angel investors are high net worth individuals who make high-risk, potentially high-yield investments in start-up companies or small businesses looking to expand their market opportunities. Angel investors typically focus on companies that have already developed a basic concept and business strategy, and are in the seed stage of investment. Emphasis is placed on business enterprises with the potential for rapid growth.
West Virginia Angel Investor Network members must be accredited investors who agree to be active participants in the group. An individual accredited investor is "Any natural person whose individual net worth or joint net worth with that person's spouse at the time of his or her purchase exceeds $1,000,000; OR "Any natural person who had an individual income in the excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year," as defined by Rule 501 of SEC regulations.
How do I become a member?
Interested accredited investors must submit an application to the West Virginia Angel Investor Network
Are West Virginia Angel Invesor Network members expected to invest a certain amount in these companies?
…There is not an annual investment commitment required for membership. However, members are expected to participate in monthly meetings, actively review business applications recommended by the Screening Committee, and make investments. Members who fail to be active in the group may not have their membership renewed.
Is there a membership fee?
The annual membership fee is $200, which covers some of the operating expenses of the WVAN.