Cherrystone Angel Group employs a multi-step process to evaluate potential investment opportunities, as follows. From submission to investment, it takes Cherrystone roughly 60 days to complete a deal. However, all deals are different and based on the maturity of the company and the complexity of the product, deal time will fluctuate. Cherrystone Angel Group only accepts direct applications and neither recognizes nor employs any agents to act in its behalf.
|Apply For Funding|
|Present To Screening Committee||Invitation will be sent to companies upon review of the application materials. The Screening Committee meets during the last week of the month and is comprised of 10 members.|
|Present To The General Membership||Invitation will be sent upon a positive review and presentation at Screening. The General Membership meets during the third week of the month.|
|Due Diligence Process||Members form a small committee to evaluate IP protection and negotiate deal terms. Some tips on that process for entrepreneurs can be found here!|
|Investment Made||Pending a positive due diligence recommendation, members invest and we begin our partnership with teams|
The Cherrystone application (link above) asks for information about your business, its structure, marketing and sales plans, the management team, financial projections, and your capital structure. We use a platform called Gust to administer our application process.
Cherrystone Angel Group takes all reasonable efforts to assure that information submitted to it is held confidential, but will not sign a non-disclosure agreement (NDA) before reviewing completed surveys and business plans.