| > | | | | funding to specific geographical regions, the networks |
| This article provides useful, detailed information about | | | | are spread over eight regions: the Pacific Northwest, |
| Angel Investor Networks. | | | | Southwest, Mid-Atlantic, Northeast, North Central, |
| Locating the ideal angel investor is an important step | | | | California, South, and Midwest. There are also groups |
| in funding a start-up business. Angel-investor | | | | that are open to investments at any place in the US. |
| networks are considered to be the best place to | | | | The Angel Capital Electronic Network is a major |
| begin a search for funding. | | | | group that came into being at the behest of the US |
| These national and local groups of angel investors | | | | Small Business Administration\'s Office of Advocacy. |
| assemble formally or informally to deliberate on | | | | Only those entrepreneurs who are capable of selling |
| transactions and gain knowledge about the most | | | | security interest in their companies that can enlist. An |
| suitable new business ideas. | | | | annual fee is required for enlistment, and charges are |
| Every network functions in its own way. Fees for | | | | separate for each state. The maximum fee is around |
| making presentations may be imposed by some, | | | | $450. |
| while others may charge a fee for submitting a plea | | | | Although companies can garner funding to the tune |
| for consideration. | | | | of $5 million with ACE-Net, the network is highly |
| Some even make it mandatory for an angel member | | | | beneficial for companies looking for up to $1 million. |
| to introduce new people to the group, while others | | | | Several businesses are kept out of the purview of |
| seek opinions through the group\'s Web site. In the | | | | the ACE-Net. These include businesses related to the |
| US, there are several angel network groups that can | | | | oil or gas industries, single proprietorships, general or |
| be accessed for the benefit of interested individuals. | | | | limited partnerships, joint ventures, and blank-check |
| Since a large number of angel groups restrict their | | | | or development-stage companies. |