San Diego Angel Investors want to invest $200,000* in your company

Don't miss this opportunity to transform your business.

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There’s no need to wait.  Confirm your participation now before before the deadline on Wednesday, December 16, 2020Any entrepreneur or company with a product and/or a startup can apply to the San Diego Angel Conference. The application process is straight forward and the following screening and due diligence processes are designed to be transparent, efficient, and constructive for both the entrepreneur and participating investors.

The application process is easy:

1. Submit your Application

Complete the application that could change the future of your company to confirm your intent to participate in our Gust.com** portal. Start gathering information for your company profile once you submit the nonrefundable fee.

DEADLINE: DEC 16

2. Prepare for Review

After you submit your nonrefundable fee and application to participate, continue to upload your company’s information in Gust.com**. This allows the angel investors to securely review information and determine finalist.

OPEN THROUGH: JAN 8

3. Participate in Selection

Investors review the applications and select deals to move to each round. Entrepreneurs are encouraged to provide detailed information and continue updating Gust.com during the process. There are four rounds in the selection process.

4. Attend the Conference

Whether you advance to the finals or not, every applicant is encouraged to attend the SDAC to network with investors, connect with other entrepreneurs, and learn from the finalists.  A ticket to the event is included in your application fee for the conference.

Frequently Asked Questions:

Do I need to have everything done before the application deadline?

No! The December 18 deadline is when you need to confirm your participation through Eventbrite and pay the nonrefundable application fee before. We anticipate all of our participants to continue refining their Gust.com profiles until the investors meet for the first time in mid-January.

I received a fee waiver. How do I use it?

Please visit our Eventbrite by clicking on “apply now” above. Once on that page, click on the “tickets” button and locate the hyperlink to “Enter Promo Code” in the top left corner. Waiver codes need to be applied before reaching the check-out process.

Is it too late to apply?

The deadline to apply was December 18, 2020. In order to accommodate late arrivals and in an effort to be as inclusive as possible, The Late Bird application was created for those that missed the original due date. Interested entreprenuers can submit a $249 non-refundable application fee via Eventbrite to confirm their participation in the conference. A Gust profile and intent to participate form via Eventbrite must be complete before January 8.

Who are ideal applicants for the conference?

The San Diego Angel Conference is seeking a diverse set of companies to be considered for funding. Applicants should fit with the following criteria:

 

  • Based in the US
  • Close enough to San Diego to engage with investors regularly
  • In any industry
  • At any stage
  • Seeking investment of $100k-$2M
  • Have the potential for a 10x return on investment in 5 years
    • large addressable market size
    • at least an MVP
    • a plan for the business to scale
    • a management team that can execute the plan
What happens after I apply?

The application deadline is only the start of preparing for materials for review by the angels. Following your submission, a consultant from The Brink SBDC will work directly with you to enhance your profile and application before the investors review it. The angels will then evaluate those materials starting in early January and advance applicants to the second round and beyond. You can learn more about this on the “Process” tab.

How do I make a video?

Download Instructions for 60 second video

60-SECOND VIDEO – HOW TO

One of the requirements for consideration in the San Diego Angel Conference is a 60-second video from the entrepreneur. The big idea is to give every entrepreneur a chance to meet every investor before the angel track begins in January. This should answer some of your questions before shooting.

Why? This is your opportunity to personally introduce yourself to the angel investors who are personally funding the winner of SDAC. The investors want to see who they are considering investing in early in the process. This is your chance to add color and breathe life into your written materials. Imagine you receive a Face Time call from an interested investor who only has a minute to get to know you before boarding a flight – this is that chance.

Who? Where? You, the entrepreneur, should be on camera, briefly explaining your vision, your business, your solution. If you have a product or service you wish to showcase visually, feel free to do so. You can shoot anywhere: corporate HQ, your office, school, lab, a trolley, or the beach, wherever you feel comfortable telling your story.

When? The registration deadline is Dec. 16, 2020 – your video should be uploaded to Gust as soon as possible.

How? A simple video shot on a smart phone will suffice. You will not be judged on production quality. That said, if you take this opportunity to create a video clip you are proud of, you can use it in future marketing and on social media.

What? Your video should be a short summary, a movie trailer, a teaser for the story.

Your video must include:
• Your name and position
• Your company name (say it multiple times)
• What your product/service does
• Why your company is an investment the angels should consider

Ideas that work:
• Powerful stat/quote/personal story to open
• Explaining company/problem/solution in a relatable way
• Sharing your progress/traction

Ideas that don’t work:
• Trying to cram your entire pitch deck in
• Complicated explanation of what you do
• Lack of emotion/energy

Why is there an application fee and what does it cover?

The application fee covers the processing cost of the application and a ticket to the final event. As part of their fee, applicants also receive personal consultation on their Gust.com profile to help them prepare for the first round of review. This feedback is provided by Brink SBDC consultants. All applicants are also allowed but not required to attend the San Diego Angel Conference Entrepreneurs Track workshop series. Application fee is $149. The application fee is nonrefundable.

All applicants can expect:

  • Investors to review their application, deck, and video
  • A debrief if/when eliminated
  • 1 ticket to the final event ($250 value) on March 28, 2020 (finalists receive 2 tickets)
Is the application fee refundable?

The $149 application fee is non-refundable.

All applicants who upload their information to Gust will have their profiles shared with the angels. They will review them before their first selection round in January. All but 24 applicants will get cut of the selection in this first round. If you don’t make the first round, the $149 application fee includes a ticket to the San Diego Angel Conference on March 29, 2020. General admission is $250.

    What type of investment will be made and what are the terms?

    The type of investment is usually a convertible note or equity. In the other angel conferences that we are aware of, there is an even split between these two types of investments. The type of investment is negotiated between each of the finalists with the Fund Managers. 

    The terms are negotiated between each of the finalists with the Fund Manager in the days before the conference. The goal is to get to a set of terms that are fair and mutually beneficial to both the companies, and the investors.

    How much equity is the $200K investment for? Is it negotiable or already set?

    The terms are negotiated with the finalists in the last few weeks before the Conference. Historically about 1/2 of the deals are straight equity and about 1/2 have been convertible notes. We have every reason to expect that the terms will be fair and reasonable for both the entrepreneurs and investors.

    How could participating in an angel conference impact or influence my IP or the potential for future IP?

    It is always good to discuss these kinds of issues with appropriate legal counsel, which you should do for a more definitive answer. Generally, this question applies narrowly to companies that are basing their IP strategy on patents, and that have not filed a provision, yet.

    Disclosing a patentable idea, patent or any IP or potential IP is not a demand/requirement of any applicants participating in an angel conference or with angel investors in the early stages of an investment conversation. Startups should be somewhat cautious in what they present and we recommend you do not include anything that could be considered IP. Deeper discovery in the due diligence phase may require additional conversation about confidentiality or a non-disclosure agreement, which should be navigated using proper legal counsel or further consideration of a potential consequences. 

    *Amount of investment depends on the number of units sold.

    **Gust is an online platform for startups and investors. SDAC uses Gust to securely and privately collect your company information, deck, and coordinate due diligence information. Entrepreneurs must upload deck and other information into Gust.