Angel Fund Launchpad

No. You will need to have a trusted partner joining the program with you. Every COREangels fund has 2 or 3 leaders who split the tasks of managing their fund.

Usually, each fund leader is either an angel leader (responsible for onboarding and managing the relationship with angels) or a startup leader (responsible for deal flow and relationship management with startups).

Although we use this naming and role distribution, several arrangements are possible, according to the leaders profiles and background. This way, guarantee that the roles and responsibilities are carried out, no matter how you decide to distribute them.

Your angel fund will be an independent entity signing a Licensing Agreement with COREangels International. This document is signed by the angel fund, COREangels International and the leaders of the angel fund. It establishes the rights and obligations of the parts, the support provided by COREangels International, the standards that need to be followed by the angel fund and the related fees.

COREangels International receives 2.5% of the money invested by angels as a licensing fee and 5% of the distributed gains as success fee.

Yes. The experience with startup investing is very important, but the program intends to help you become a leader of your own fund. You will be challenged to plan, structure and define all that is needed to put your fund up and running. Also, in the program you will learn about the aspects of the COREangels model, simulating different scenarios and structuring your first Investment Committee.

Besides the Licensing Agreement, disclosed in the first phase of the program, you will have access, during the second phase, to templates of the basic legal documents to set up your fund such as Shareholders Agreement, KYC forms, subscription forms, term sheets and investment contracts.

During the first phase of the program you will access content to help you reflect on your angel persona, their perceived investment value and start thinking of related marketing strategies.

In the second phase of the program, we will work together on marketing materials and to build a landing page for your first investment committee and related lead generation actions.

Other than the economics simulator that you will use in the first phase, there is also content to simulate the investors returns according to seniority. This will be also helpful when you are contacting potential angels to join the fund.  

The second phase is completely hands-on and during this phase you will start the sales activities you will carry on until the portfolio is completed. You can count on our support to organize and promote webinars to generate leads and to answer questions from angels and founders.

COREangels will provide support through different ways. As a leader you will access our digital library with defined processes, templates of documents, methodologies, videos. Our team will also be available to assist you with specific matters, marketing actions, connections with partners and suppliers, managing conflicts of interest, issues related to angels and founders. On top of that, being part of the COREangels community as a leader grants you access to our leaders meetings, training, industry reports and sharing investment opportunities.

Angel Fund Launchpad program costs each co-leader € 2000 in total. To start the program, you each pay € 500. Once you pass the second phase of the program, together you pay € 3000. Once you finish the program and you have created your angel fund, a € 20k (twenty thousand euros) setup fee will be paid by the fund, after the signature of the Licensing Agreement. The fund pays this fee, not the fund leaders individually.

We estimate that 20 hours per week (combining the hours of the co-leaders together) is enough to complete the program in 2 months.

It really depends on the availability of the co-leaders and also the readiness of the fund (investment thesis formulated and somehow tested with potential angels, commitment from potential angels, startups on the radar, local laws etc). 

So usually it takes from 2 to 4 months to complete the program.

Co-leaders of the fund are compensated in two different moments. Whenever a business angel, invests in the fund, the leaders are entitled to receive an investment fee of 10%. When the angels receive their gains on exits, the leaders receive 15% of the distributed gains.

One of the co-leaders. The angel leader (or any other leader who gets this responsibility) is responsible for bringing the angels to your fund.

Usually the first angels come from your friends and colleagues network. On top of that, COREangels is happy to help you attract new angels by partnering with you to design marketing campaigns to help you access new angel investors.

One of the co-leaders. The startup leader plays this role, not only identifying the startups that fit in your fund’s thesis but also managing all the steps of the deal flow.

Yes. In order to guarantee the skin in the game, highly valued by the investors, the co-leaders (or at least one of them) needs to invest in the fund.

There is no exam, but there are 2 important milestones.

The first one is a feedback session, where you give a presentation to COREangels International about the main aspects of your fund, including the investment thesis, the angel persona and market scenario.

The second one is the 1st Investment Committee. It will be the first time when you bring angel investors together to evaluate startups to invest in. This is an important moment to convert potential investors into angels of your fund and decide on the first startup of the portfolio. After this milestone, you are ready to finalize the paperwork with the angels and with COREangels International.