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Angel Group CREATION: "Launch THE CORE Program"
• Intro• How• The expectations• Closing/Quotes

COREangels Group Setup and Leadership Application

Love
entrepre-
neurship?

Love investing in startups?

WANT TO LEAD AN ANGELS' GROUP?

Three clear yeses? Great! You're welcome to create a new professional group of angels with us!

Here you can learn more about COREangels approach to angel investment and its business model. After reading this unique content carefully, please fill out the form to assess your profile for the next steps.

Angels’ market is changing.

The angel market has changed and became more selective and professional. Angels are no longer informal solo investors! They have been investing more and more in groups to diversify, learn and share the experience. It leads to less risk, learning with peers, co-creating value and maximizing success rates.

Nevertheless, investing through informal or non-professional networks doesn't guarantee that best practices are being followed. From the deal-flow sourcing and screening until the exits strategy, passing through the decision process, the legal and fiscal framework and the involvement management, there are many opportunities to increase value creation, usually missed in amateur approaches.

On the other hand, changing to more structured Venture Capital models can harm investors' involvement in Startups, damage the angel experience, and fend off Angels from adding value besides money, as they delegate all the process to a financially driven management team.

Many business angel investors are trying out informal angel networks and formal VCs, concluding that they need to choose between professionalism/outcome and involvement/impact. It doesn't need to be like that.

Angel group leadership

COREangels considers that a professional group of business angel investors needs a type of leadership that conciliates two roles: a credible and experienced angel and a committed community-connected entrepreneur.

These two complementary individuals may join forces to gather the best angels, scout for the best deal flow, promote involvement and value creation, and deliver a hassle-free experience with outstanding outcomes.

Operationally, a group can have dozens of angels and therefore, it needs someone to guarantee the processes, deal-flow, administration, events organization, investment management, communication, and more. For these leadership roles, we recommend two people: one person dedicated to the daily operation (deal-flow of startups and the group management) and one other to play the role of the referenced angel in the group, responsible for searching and onboarding new angel and managing the relationship among all group members and their satisfaction.

Types of Angel Groups

- Geographic groups: Invest in startups from a geographical area (a city, a region or a province);

- Vertical groups: 
Invest in startups serving a specific industry or providing solutions based on particular technologies;

- Crossborder groups: 
Invest in startups expanding their businesses to other markets.

Investment thesis

COREangels groups may have geographical, vertical or crossborder investment thesis. Each group is free to choose their investment thesis. 

Despite the investment thesis, there must be a high involvement between the COREangels and invested startups. The hands-on posture incorporated by COREangels implies the need for permanent and close contact with the investee.

How

How it works with angel groups' leaders

Groups leaders are responsible for the group's proper functioning regarding operational management and marketing, attracting new angels and involvement with invested startups. Among the leaders' functions, you can find:
• Screening and evaluating startups
• Attending entrepreneurship-related events
• Regular communicating with the company followers - LinkedIn
• Engaging in communication activities with other COREangels Groups and COREangels International
• Promoting weekly communication with partners/shareholders
• Promoting regular and straight communication with the invested startups
• Managing WhatsApp groups for startups and angels
• Promoting engagement events between startups and angels
• Organizing investments committees regularly (bi-monthly or quarterly)
• Organizing General Shareholders' Meetings every semester
• Preparing a monthly report to angels regarding the progress of the invested startups
• Preparing COREangels International Report

Support from COREangels

COREangels International will provide support to its groups in several areas, namely:
• Administrative support
• Financial analysis support
• Reporting
• Brand and branding guidelines and templates
• Website and other marketing assets
• Attracting investors
• Business flow
• Startups evaluation
• Events organization, meetings and activities planning support
• Structured processes, templates and manuals
• Training and certification
• Platform for angel and portfolio management
• Exit strategies, best practices and tools
• International level knowledge
• Cross border deal flow
• Co-investment opportunities
• Fundraising and angel identification
• Involvement strategies, best practices and tools
• Portfolio management strategies, best practices and tools
• Startup valuation strategies, best practices and tools
• Reporting strategies, best practices and tools

In addition to the mentioned above, all leaders will receive individual support through recurrent one-on-one meetings and meetings between leaders and the COREangels International.

Setup Fee:
COREangels International team anticipates the support mentioned above so you can launch the group seamlessly with everything needed. When the group is incorporated, it shall pay 10.000 euros as a Setup Fee for COREangels International


The expectations

The startups' leader is an entrepreneur who creates a new group of Angels
From our point of view, our startups' leader must have experience as an entrepreneur or community manager (Innovation ecosystems). This experience will enable them to understand the entrepreneur's potential better and fears or difficulties - it is always easier to relate when you are aware of their struggles.

The investors' leader is a business angel who creates a new group of Angels
He/She needs to have substantial business angel experience. Investment knowledge in startups is essential to guide BAs' involvement and to find new BAs. The investors' leader will be the business angels reference of the group. This knowledge will allow him/her to make better decisions to enhance the investment experience of the partners.

What we expect from the group leaders
We expect them to lead the group to an incredible angel experience with a substantial contribution to the co-creation of value in the startups. Metrics used according to international best practices and standards should serve as guidance for each group. Those metrics are both qualitative and quantitative.

Examples of angel groups metrics

Angel metrics
• Number of potential investors contacted / year
• Number of investors raised / year
• Money raised / year
• Average investment per investor

Startups metrics
• Number of startups evaluated;
• Number of startups submitted to the committee;
• Number of approved startups;
• Number of invested startups.

As qualitative metrics, each group receives satisfaction surveys to the angels and their invested startups. COREangels International provides the survey to address the following topics:
a) Business Angels' satisfaction;
b) Startups satisfaction;
c) Monitoring Level based on archangels evaluation;
d) Engagement Level based on Business Angels' involvement.

Activities

All groups have similar activities, such as:

• Investments committees
• COREangels day
• Meetings with the startups
• Meetings/communication with angels
• A close and informal style of communication should be privileged (WhatsApp and e-mail).

Closing/Quotes

If you’re passionate about being an angel group leader, if you want to make a difference in the angels and startups world, this is your path.

It is not for you if:

• Talking with hundreds of startups and participating in startups events is boring;
• A stable corporate job is your thing;
• You think finding other investors to join the group is impossible;
• Negotiating is a pain for you.

It is for you if:

• You feel the passion for being involved with startups and helping them grow;
• You have an entrepreneurial spirit;
• You like to be involved with the entrepreneurial ecosystem;
• You have good negotiation and persuasion skills.