Thank you for your interest in the Houston Angel Network. We invite entrepreneurs to learn more about our investment screening process by reading the overview below.

 

Application Requirements

All companies applying to HAN must meet the following criteria:

1. Company should be seeking $250K to $1.5M in equity financing. HAN will also consider debt financing with an equity component (i.e. convertible debt or debt with warrants).

2. If the venture is raising over $1M, HAN requests that it secures a lead investor for its raise before applying to HAN.

3. HAN does not review companies in the following sectors: entertainment,  real estate development, bars/restaurants/spas.

4. In order to be seriously considered, a company must have a completed, working prototype and have market validation (pilot, beta users, revenue).

 

Application Process

Please apply through the Apply for Funding button on the top right of this website.

HAN reserves the right to request additional information during the application process which may include(but not be restricted to) data on finances, IP, partnerships, and/or management background.

Due to the nature of our organization, HAN cannot execute non-disclosure/confidentiality agreements.

Our members identify companies in which they are interested, so there is no guarantee that your company will be invited to give an investment presentation.

Each Company that has completed the HAN application process will be reviewed by our members at an Agenda Planning Meeting. At this meeting, our members will select 3 companies, which will be invited to give an 8 minute presentation and a 5 minute Q&A session at our next Meeting. The selection process is highly competitive due to the number of applications we receive.  HAN cannot guarantee funding or investor interest for companies that participate in an investment process screening.

 

Presentation Preparation

If your company is invited to give a presentation, HAN will provide additional coaching to help you prepare. Presentation to HAN does not guarantee funding from HAN Members or referrals to other funding sources.

 

Monthly Meeting

HAN hosts 10 Investment Meetings each year. After the company presentations, members who are interested in a follow up meeting are invited to sign up on a sign up sheet or approach the entrepreneurs directly. The entrepreneur is responsible for following up with these investors and responding to their requests for additional data or another meeting.

 

Due Diligence

Interested investors might collaborate on due diligence and negotiations. Investment decisions, however, are made on an individual basis. HAN does not participate in due diligence conversations or term sheet negotiations.

 

Follow Up

After a funding decision has been made, HAN may ask for additional information from time to time. This information will be used to track HAN’s performance and update our members on the company’s progress.