Funding Process
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Self Assessment.
Before submitting your business plan for our consideration, you must determine if angel capital - and specifically capital from our group - is right for your company. |
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Online applicationGetting Started:
To apply for funding through the Tamiami Angel Fund IV (T4), you must first submit your business plan and complete the application through the Dealum software system. From our Home Page you must click the link for Dealum labeled "APPLY FOR FUNDING". This will lead you to the Tamiami Angels within the Dealum system. This is where you will initiate your company's profile and submit your business plan for review. Once on the Tamiami Angels page in the Dealum system, click the blue "Continue" button and follow the instructions to set-up your profile and submit your business plan as an entrepreneur. |
Review Process:
Our business plan application is designed to extract the most important details about your business, so our internal review committee can decide if your company should: a) be invited for an initial screening presentation; b) be referred to one of our partners for help in evolving your business plan; or, c) be turned down as unlikely to receive funding from our members.
Screening Meeting.
After reviewing your business plan, our internal committee will determine if your idea could be of interest to our members. Candidates should be prepared to deliver an eight-minute online investor presentation and answer questions posed by this group for an additional seven minutes. If you succeed, you will be invited to present to the full memebership.
Our business plan application is designed to extract the most important details about your business, so our internal review committee can decide if your company should: a) be invited for an initial screening presentation; b) be referred to one of our partners for help in evolving your business plan; or, c) be turned down as unlikely to receive funding from our members.
Screening Meeting.
After reviewing your business plan, our internal committee will determine if your idea could be of interest to our members. Candidates should be prepared to deliver an eight-minute online investor presentation and answer questions posed by this group for an additional seven minutes. If you succeed, you will be invited to present to the full memebership.
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Presentation to Membership.
Following the screening meeting, you may be invited to present to our full membership at an in-person meeting. You will have the opportunity to elaborate on your business plan. Prepare to deliver a 15-minute presentation and address questions for an additional 15 minutes. |
Presentation Outline
In order to communicate the essentials, download the presentation outline.
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Due Diligence.
During due diligence, interested investors will verify the statements made in your business plan, presentation, and financial projections. They will thoroughly research your teams background and track record. If you play an active role in facilitating this process, it will help to expedite a final investment decision. |
DD Process OutlineFor details of what to expect if your company is selected for the T4 Due Diligence process.
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Term Sheet Negotiation.
After successful completion of the due diligence process, interested angel group members will present a term sheet that defines the structure of the investment deal - including type of equity and board of directors representation, using industry standard terms and provisions. |
Sample Term SheetThis term sheet summarizes the principal terms with respect to a potential private placement of equity securities.
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Funding & Beyond.
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal is only the beginning of the angel funding process. Now you have access to a network of value-added contacts and experienced professionals who can provide essential guidance for the growth and success of your venture. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal is only the beginning of the angel funding process. Now you have access to a network of value-added contacts and experienced professionals who can provide essential guidance for the growth and success of your venture. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.
