Sierra Angels

  • sierra-angelssierra-angels

Place Category: Funding, Equity, and Early Stage EquityPlace Tags: Reno Region

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  • About Us

    Founded in 1997, Sierra Angels is a premier angel investment group with principal focus in Northern Nevada and the I-80 corridor of Northern California. Headquartered at Lake Tahoe, Nevada, we are located in one of the most business-friendly states in the country.

    Our members

    Our way of working with entrepreneurs

    Our collaborative philosophy

    Our participation in the community

    Is Angel Funding Right for Your Company?

    Angel investment is the “right” source of funding for only a small proportion of entrepreneurial businesses. When considering yourself for investment by an individual angel or angel group, ask yourself these key questions:

    • Am I willing to give up some amount of ownership and control of my company?
    • Can I demonstrate that my company is likely to realize significant revenues and earnings in the next 3-7 years?
    • Can I demonstrate that my company will produce a significant return for investors?
    • Am I willing take the advice from investors and accept board of director decisions I may not always agree with?
    • Do I have an exit plan for the company that may mean I’m not involved in 3 – 7 years?

    Investment Criteria

    We will evaluate your company according to the following criteria:

    • Preferred Industries:
      • Clean energy & green technology
      • Computing and Communications
      • Health Sciences
      • Mobile and Web 2.0
      • Software
      • Technology (other than above)
      • Selective Other Investments
    • Geography:
      • We have a preference for businesses located in Nevada, California, or other nearby locations
    • Technology/Competitive Advantage:
      • You should have unique products with proprietary technology that meet important needs
      • You might have patents or other Intellectual Property barriers to entry
      • You have clearly articulated, sustainable competitive strategies
    • Market and Scalability:
      • The market you are addressing should be a rapidly growing market sufficiently large to create a business with over $50 million in annual revenues
    • Management & Strategy:
      • You should have a proven management team with relevant successes
      • You should have credible & balanced Business Plans including key execution milestones
      • You should have realistic, achievable financial projections and high ROI
    • Use of Proceeds:
      • Capital needs of $250,000 to $2,000,000 to accomplish significant business milestones that will attract the next level of funding (if/when required)
    • Valuation and Expected Returns
      • We look for investments that provide a likelihood of a 5-10X return within 3-5 years.
    • Fit with Sierra Angels:
      • Your company should meet the other conditions stated here
      • You and your team should display a desire for advice and coaching
  • Address: 893 Southwood Blvd
    Incline Village
    Nevada
    United States
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