Evaluation Process
1. Application for funding Entrepreneurs requesting funding support need to submit and complete all relevant sections on the
funding application form using Angelsoft.
Additional documents should be attached including an executive summary of the business plan, financial
documents, description of market opportunities and how commercialisation will be achieved.
All documents submitted to WA Angel Investors should to be non-confidential information.
2. Screening by WA Angel Each funding request will be screened firstly by the Executive Officer and, if sufficiently complete,
Investors deal-screening the request will be passed onto the WA Angel Investors deal-screening committee for evaluation.
Committee
3. Deal flow process The Executive Officer or a WA Angel Investors member will contact the entrepreneur and coordinate a
meeting to further discuss the deal. Having been briefed by the entrepreneur, the deal will be presented
informally by the lead member to all WA Angel Investors members at the next meeting.
If interest in the deal is indicated by the members, the deal will be posted to a secure and private
“deal room” on Angelsoft and will now be visible to all WA Angel Investors members.
The deal room is the collaboration centre between the entrepreneur and WA Angel Investors members.
The entrepreneur will be able to store deal-related documents, exchange messages and receive
information from WA Angel Investors members.
4. The pitch If the deal has generated sufficient interest, the entrepreneur will be invited to pitch their deal to the WA
Angel Investors members at the next members meeting.
The entrepreneur will be guided and mentored in the preparation of their presentation (20 minutes plus
10 minutes Q&A). Meetings are held monthly from February to December on the second Wednesday of
the month. The presentation must be provided to the Executive Officer no less than one week prior to the
meeting to confirm that all required information is included, the entrepreneur should only provide non-
confidential material.
5. Unsuccessful A proposals that is not selected for presentation may still be described briefly at the same WA Angel
applications Investors meeting; if it attracts any interest from members it may be considered for a full presentation
by the entrepreneur at a subsequent meeting or interested members may make contact directly with the
entrepreneur.
6. Due diligence Each WA Angel Investors member will consider whether the investment proposal suits his or her
investment goals, and if so, a single confidentiality agreement (CDA) will be put in place between the
investee and WA Angel Investors. The potential investors will carry out any due diligence under the CDA
arrangements.
7. Term sheets Assuming at least one member decides to invest and term sheet discussions are satisfactory, a “deal” will
be agreed, including a charge to cover due diligence services and administrative fee that is a calculated
as a percentage of the investments made by the WA Angel Investors members. The term sheets also
mentoring arrangements, reporting requirements and typically, representation of one investor member
on the investee’s Board of Directors.
The investor members, acting together, will assist with any co-investments that may be needed by the
investees.
funding application form using Angelsoft.
Additional documents should be attached including an executive summary of the business plan, financial
documents, description of market opportunities and how commercialisation will be achieved.
All documents submitted to WA Angel Investors should to be non-confidential information.
2. Screening by WA Angel Each funding request will be screened firstly by the Executive Officer and, if sufficiently complete,
Investors deal-screening the request will be passed onto the WA Angel Investors deal-screening committee for evaluation.
Committee
3. Deal flow process The Executive Officer or a WA Angel Investors member will contact the entrepreneur and coordinate a
meeting to further discuss the deal. Having been briefed by the entrepreneur, the deal will be presented
informally by the lead member to all WA Angel Investors members at the next meeting.
If interest in the deal is indicated by the members, the deal will be posted to a secure and private
“deal room” on Angelsoft and will now be visible to all WA Angel Investors members.
The deal room is the collaboration centre between the entrepreneur and WA Angel Investors members.
The entrepreneur will be able to store deal-related documents, exchange messages and receive
information from WA Angel Investors members.
4. The pitch If the deal has generated sufficient interest, the entrepreneur will be invited to pitch their deal to the WA
Angel Investors members at the next members meeting.
The entrepreneur will be guided and mentored in the preparation of their presentation (20 minutes plus
10 minutes Q&A). Meetings are held monthly from February to December on the second Wednesday of
the month. The presentation must be provided to the Executive Officer no less than one week prior to the
meeting to confirm that all required information is included, the entrepreneur should only provide non-
confidential material.
5. Unsuccessful A proposals that is not selected for presentation may still be described briefly at the same WA Angel
applications Investors meeting; if it attracts any interest from members it may be considered for a full presentation
by the entrepreneur at a subsequent meeting or interested members may make contact directly with the
entrepreneur.
6. Due diligence Each WA Angel Investors member will consider whether the investment proposal suits his or her
investment goals, and if so, a single confidentiality agreement (CDA) will be put in place between the
investee and WA Angel Investors. The potential investors will carry out any due diligence under the CDA
arrangements.
7. Term sheets Assuming at least one member decides to invest and term sheet discussions are satisfactory, a “deal” will
be agreed, including a charge to cover due diligence services and administrative fee that is a calculated
as a percentage of the investments made by the WA Angel Investors members. The term sheets also
mentoring arrangements, reporting requirements and typically, representation of one investor member
on the investee’s Board of Directors.
The investor members, acting together, will assist with any co-investments that may be needed by the
investees.
