Join Maine Angels

Angel, or seed-stage, investing offers the potential for an attractive return on investment, in addition to providing an opportunity to mentor entrepreneurs and help grow promising companies. Maine Angels is the preeminent organization in Maine targeting early stage investment opportunities, and is actively seeking new members.

Inquiries:

Individuals interested in joining Maine Angels should contact an officer or a member of Maine Angels to arrange a preliminary conversation and subsequent guest attendance at a monthly meeting.

Each new member candidate must have an active member as his/her sponsor who has reviewed his or her resume and invited the candidate to a monthly members meeting.

Qualified investors who do not know individual Maine Angels members may submit an initial inquiry to an officer at contact@maineangels.org.

Criteria:

To become a member, you must be an Accredited Investor, as defined by the SEC, and able to sustain the financial risks inherent in your investments.  Generally, investors are “accredited” if they

      • sustained an annual income of at least $200,000 or more individually, or $300,000 or more with their spouse, for the past two years and expect to have such an income during the current year, or
      • if they have a net worth (with their spouse) of at least $1,000,000 excluding their primary residence.

Application Required:

Access the JOIN MAINE ANGELS:  Maine Angels Membership Application & Instructions on GUST at http://gust.com/organizations/maine-angels/join

If you cannot access the JOIN MAINE ANGELS page directly, start at http://gust.com/organizations/maine-angels and select Apply for Membership                    

Following submission of an application fee of $1,000, and a completed application, applications will be considered by the general membership. Candidates are informed of the results within 2-3 weeks of their application. 

Financial Commitments:

      • Each subsequent year, all active members are asked to renew their commitment to the Maine Angels with the payment of annual dues (For 2017, this is $450).
      • Angel members are not legally obligated to invest in any opportunities presented by Maine Angels, but should be willing and able to invest in companies that Maine Angels presents to them.
      • Each new member must acknowledge the Maine Angels goal that each member should be willing to consider investing a minimum of $20,000 per year and a total of $100,000 over the first 5-year period of membership.
      • Each member agrees to the "hold harmless" terms of the Angel Capital Association of New England Agreement of Cooperation for Due Diligence Sharing.
 

For more information on becoming a Maine Angels member, please contact an officer or member of Maine Angels, or email your request to contact@maineangels.org.

Get Started

Company Stage at Initial Investment

Pre-Revenue   41%

Post-Revenue 59%

View Portfolio >>

Total Maine Angels Investment Per Company

Up to $100k  26%

$100-$199k  26%

$200-$399k  28%

Over $400k   19%

View Portfolio >>

Invested Company Locations

Maine        47%

New England  46%

Other          7%

View Portfolio >>