Operating on a monthly cycle, all applications must be submitted no later than the last Wednesday of the previous month to be considered for the month’s Screening. After referring to our criteria, apply now through Proseeders. And, please view our event calendar for application deadlines and meeting dates.
The Cowtown Angels screening committee first reviews each month’s applications and selects the most promising companies to move on to the next steps in the process. Applicants are notified within 48 hours of the screening meeting if selected to attend the Forum.
If one of the few selected for Forum, the entrepreneurs are invited to a catered lunch with our most active members. Lunch is immediately followed by ten minute pitches with an additional time for investor questions.
If you are one of the few companies chosen to go to Forum there will be a $250 application fee.
Monthly Deep Dive
If selected for Deep Dive, the entrepreneurs are invited to a catered lunch with the investors the Wednesday following Forum. Deep Dive is meant to allow adequate time for investors to ask detailed questions of the entrepreneurs before moving in to Due Diligence.
Cowtown Angels members interested in the company form a due diligence team, headed by a Deal Lead, where the members and program scholars conduct research and evaluate the company from multiple perspectives. This process includes, but is not limited to, an evaluation of: Competition, Market Opportunity, Financial Models, Applied Technology and Legal Structure. Specific documentation from the entrepreneurs may be requested throughout the due diligence process.
Following completion of Due Diligence, interested Cowtown Angels members will draft and present a term sheet to outline the investment deal. Key elements, such as industry standard terms and provisions, type of equity and board representation will be addressed.
Each Cowtown Angels member makes individual investment decisions. The respective Deal Lead will communicate with the entrepreneurs about anticipated amounts.
There is a 1% administration fee, up to $5,000, due upon time of investment.