Investment Process

North Coast Angel Fund has structured its investment process to ensure that we thoroughly evaluate all investment opportunities. Companies interested in an investment from NCAF should read this page carefully.

1. Interested companies must complete the online submission form.
2. NCAF pre-screens the submissions according to established criteria [link to Investment Criteria page] and invites a select group of investment candidates to present to the five-person Investment Screening Committee, a subset of NCAF members. Interested companies must pay a $300 application fee prior to consideration by the Committee.
3. The Investment Screening Committee conducts a preliminary assessment through a review of presentations and determines whether to invite a prospective company to present to the full membership.
4. Selected companies present to the NCAF membership for 10 to 15 minutes, followed by Q&A. Members vote whether to perform more extensive due diligence.
5. A due diligence committee is assembled to meet with the company leadership, evaluate the company and market opportunity, assess prospects for success, and make an investment recommendation.
6. Members vote on whether to fund company.
7. NCAF and the company negotiate deal terms.

The NCAF investment process is designed to assess a company’s prospects for success and finalize an investment within 90 to 120 days after initial contact. Under certain circumstances, a final assessment may be delayed to address specific areas of concern.