Evaluation Process

Upon the receipt of your business plan through Angelsoft, your company will go through a three-step evaluation process.

Step 1: Selection Committee Evaluation

• In approximately four weeks following the submission of your business plan, Sierra Angel members will review and discuss your company’s business idea and market potential.
• The Selection Committee will review all members’ feedback, and determine if your company is ready to present at a Sierra Angels dinner meeting.

Step 2: Dinner Presentation and Breakfast Meeting

• If your company is successful in Step 1 of the evaluation process, you will have a chance to meet the Sierra Angels, and present your business to the group in a 30min presentation and Q&A session.
• The following morning, interested investors will meet with you to better understand your business and ask questions. Typically, approximately 8-12 investors show up for these “round-table” discussions.
• After the breakfast session, the interested investors will decide if they would like to continue with further due diligence of your company.

Step 3: Due Diligence

• If your company is successful in Step 2 of the evaluation process, a due diligence coordinator will work with you to answer various questions that interested investors might have about your company and business.
• Questions are usually in but not limited to the following areas:
  • Technology and Product Efficacy
  • Market Size and Need
  • Business Model and Sales Channels
  • Management Team
• If your company is successful in this due diligence phase, interested investors will then contact you via a coordinator and begin negotiations