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Entrepreneurs
Jumpstart believes that wealth creation starts with a strong relationship between the angel investor and the entrepreneur. For this reason, all Jumpstart angels invest personally in a company.
In other words, Jumpstart angels do not pool funds to invest as a group. The result is a strong, personal bond between the angel and the entrepreneur.
How much investment can I expect from Jumpstart?
Jumpstart normally invests amount $200,000 up to $1,000,000. If you
need more, Jumpstart may syndicate the deal with other angel groups
to raise up to $2 million. If you need more than $2 million, you
should seek out venture capitalists.
What kind of businesses appeals to Jumpstart?
Jumpstart prefers businesses with a proprietary technologies that have
the potential to grow rapidly. Jumpstart will also consider
companies
that apply innovative technologies to traditional businesses.
What about valuation?
The current or pre-money value of your business is often the most
difficult issue to resolve prior to closing the investment. The
pre-money value determines how much of your business the angel
investor own after making the investment. If the pre-money valuation
is $1 million and the angel investment amount is $500 thousand, the
post-money valuation is $1.5 million of which the angels own a
third.
Will angels help run my business?
Angels have different attitudes
on getting involved in your business. Some angels are passive
investors while others are mentors. A few angels will even help with
the day-to-day management your business. You
need to find the angel that offers the capital and the level of involvement you
need.
What is the Jumpstart review process?
Email a summary of your business plan to Jumpstart.
If there is sufficient interest, you will be invited to make a ten minute presentation
followed by a ten minute of Q&A at the monthly Jumpstart meeting.
Most presentations do not result in a funding. However, your chances
of success will improve dramatically if you are introduced to
Jumpstart by a member angel.
How do I meet Jumpstart angels?
Seek out Jumpstart angels at networking events. Jumpstart regularly
holds Meet the Angels events. The NJTC also offers numerous events where
you may meet a Jumpstart angel. Reach out to angels to find out how
to make your business an attractive investment.
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