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PLEDGE
FUND
Florida
Angel Invstors is starting a "pledge fund", where
the investors commit to an annual minimum contribution ( $10,000)
for a defined period of time (five years). SEE CHART BELOW.
These are the fund's targets:
- 100%
Accredited investors for validity
- Anonymity
of members for privacy
- Preservation
of capital > Outrageous Profitable returns for financial
credibility and later rounds
- Get
on the map with national angel groups
- Financial
Size for Diversification
- Optimal
target = 20 invts @ 1M = $20M
- Acceptable
= 10 invts @ $0.7 M = $10M
- Minimum
= 10 invts @ $0.5M = $5M
- Management
Fee @2% of commit for Professional Mgmt
- Target
returns of 20%-33% IRR
- Target
investments of $250-$500K with reserve
- Term
life of 7 to 10 years
- Leverage
with Florida Resources
- Universities
(Students for P/T help, alumni, facilities)
- Venture
Capitalists (Deal Flow, matching investments, diligence)
- Government
(Economic incentives, Taxes)
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