The moment of truth is six months away, but Southern Oregon Angel Investment Network is gearing up for Year IV.
Launch and growth stage businesses desiring funds to bring their innovations to broader markets compete for an angel investment ranging from $160,000 to $300,000.
Southern Oregon Regional Economic Development Inc. has outlined the brief history of the annual event.
Folium Partners of Ashland topped a field of 31 entries for a $300,000 equity investment in 2011.
In 2012, Ashland entrant Montrue Technologies out-shined a field of 31 collecting a $160,000 loan through a convertible note, which becomes an equity stake.
Earlier this year, JettStream of Bend topped 20 companies to obtain a $220,000 loan also through a convertible note that converts to equity.
SOREDI said entrepreneurs seeking start-up capital or existing proprietors raising expansion capital are encouraged to review the proposed term sheet offered by the investors.
On April 30, finalists will present to conference attendees, including; members of organized angel groups, individual angels, prospective angels, and early-stage investment firms as well as entrepreneurial ventures and start ups interested in obtaining angel funding. After viewing these final presentations, the Southern Oregon Angel LLC will meet to determine one company to receive their investment.
San Francisco Business Times reports Bay Area Rapid Transit union workers are ready to strike. Apparently, train operators and station agents making more than $70,000 annually think they’re underpaid.