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Lake Superior Angel Network (LSAN)
An angel network has been established to review and invest in early stage, start-up ventures, particularly within the Lake Superior region.
·Provide Lake Superior region investors opportunities to review and invest in early stage, entrepreneurial businesses.
·LSAN will be a champion of select entrepreneurs from the region by making investments, mentoring and introducing the entrepreneur to other investors.
·LSAN investments in high growth businesses will assist the Lake Superior regional economy.
Scope
·Lake Superior Region is defined as those contiguous counties from St. Louis County, MN to the Western U.P. of Michigan.
·Typical investments will be made in the range of $50,000 to $500,000.
·Larger funding rounds will be introduced to additional angel groups for consideration of “co-investing” in the deal with LSAN.
·Firms in the Lake Superior Region would be given preference, but firms outside the region could be considered for investment, especially if referred by another, known angel network.
Investors interested in joining
Members will be required to sign a form confirming they are an “accredited investor” as defined under Rule 501 of the SEC regulations--Net worth greater than $1,000,000 or individual income greater than $200,000 ($300,000 if joint filing) in each of the two most recent years.
Entrepreneurs interested in submitting a plan for review
Create an account on the LSAN's Deal-flow Pipeline by following this link. All entrepreneurs from the Lake Superior region will be reviewed by the LSAN. Follow this link to a presentation template to help guide you on what the information the investors will expect. LSAN presentation format: 15 minute presentation followed by 15 minutes of Q&A. Not sure about the process of raising private equity or would you like to learn more on how to attract equity investors? Follow this link to a step-by-step guide.
Press on LSAN
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