FAQ

• Emerging growth companies and other venture-ready companies.
• Buyouts and acquisitions under $5 Million.
• Your firm must be a legal entity.
• Companies with actual current revenues not to exceed $10 million.
• Company's seeking first or next round funding not greater than $3-$5 million.
• Low-tech, no-tech, high-tech are all accepted.

• Company applications will be reviewed by a team of private investors and other experts from the Private Investors Forum, which includes venture capitalists, angels, and others.
• Each judge is a representative from the private equity community and brings their own business expertise and insight to the participants.
• Approximately 30 semi-finalist companies who are looking for first or second rounds of funding will be selected from approximately 125 applications.
• Companies with superior presentations (or which are deemed to be coachable to make superior presentations) will be asked to be presenters.
• Semi-Finalists will be provided with a mentor who will help refine PowerPoint presentations, which will be used to determine final selection.
• Roughly 30 companies will be selected to make presentation at the Annual Angel Venture Fair. Several more will be selected to participate in our "Speed Dating" program at the Annual Angel Venture Fair.
• The 20-30 companies will be required to attend a company presentation and selection session in Philadelphia and several training and networking sessions.
• Companies who get selected are entitled to attend exclusive networking sessions with angel investors throughout the entire process.

PLEASE NOTE: Companies must attend the scheduled presentation/selection session in order to qualify as a presenter for the Angel Venture Fair.

• High growth potential, e.g. expected ROI to be at least 30% and greater than 5 times money over expected holding period.
• Experienced, strong, cooperative management team in place. Management should have sales experience in the targeted market segments.
• Well-defined and analyzed segmented market - large or fast growing.
• Clear and complete marketing plan including details on distribution channels, positioning, marketing, promotion, and sales.
• strategies, and staffing needs.
• Clear and detailed competitor analysis, e.g. why we can beat them.
• Aggressive market approach with unique selling proposition.
• Understandable proprietary technology.
• Well structured, complete business plan with executive summary.
• Financial projections (i.e. P&L, Balance Sheet and Cash Flow) with explanatory notes and assumptions.
• Board or Advisory position offered/available for investors.
• Staged investment based on milestones.
• Debt or preferred shares convertible to common if pre-revenue stage.
• Sales start no later than the first equity injection/conversion.
• Positive cash flow within 12 months.
• Financial buffers to carry company six months under worst-case scenario.
• Detailed budget and milestones.
• High quality outside advisors.
• Substantial investment by management and controlling owners.
• Investor exit options within three to five years.
• Downside protection, where appropriate.
• Deal sizes $200K to $2.0 million.
• Clear plan for use of funds with impact analysis for higher and lower funding, where appropriate.
• Plan for subsequent financing rounds until company is self-supporting with cash flow.
• Reasonable, justifiable valuation.
• Below market cash compensation to management pre-profit.

Attendance to the Angel Venture Fair on April 6 is open to accredited investors who are directly involved in early stage investments. The event is for Angel Investors, but participants may include other accredited investors, entrepreneurs, investment bankers, affiliated attorneys and accountants (sponsors) who are directly involved in early stage investment activities.

• Free admission to Education Session in January on January 19, 2010 which discusses how to give a winning presentation.
• Free admission to Education session in March on March 4, 2010 which discusses term sheets and valuation.
• 1 in 3 chance on having your company invited to make a live presentation to compete for one of 30 coveted spots at April 6 AVF.
• 1 in 3 chance to have your company selected to participate in "speed dating" at April 6 AVF.
• Free admission to April 5th ACEF Workshop which addresses valuations and best practices.
• Free admission to the AVF Closing Cocktail Reception on April 6th at 4pm where companies will be allowed to hobnob and network with fellow entrepreneurs and investors

Compared to other venture conferences, AVF fees are designed to cover basic costs and to support the entrepreneurial environment of the event. Since everyone pitches in, the costs are kept affordable to all. There is no other venue which enables applicants to be seen by as many angel investors in one place and over such a short period of time both online and in person.

AVF2010 is an Angel Capital Association (ACA) regional meeting. As such, selected companies will have the opportunity to present before the largest gathering of angel investors on the east coast.

Selected companies will receive assistance and coaching on how to make a winning presentation to angel investors. All applicants will receive feedback on their application per requested.

All application judges are active angel investors - even if you don't get selected to present or exhibit for April 6, 2010, just going through the process of application puts you before at least 25 active angel investors who are affiliated with more than 12 angel investor groups from across Pennsylvania and throughout the region and more if selected. Additionally, investors in your field will be the one who scrutinize your business, thus, our judges know the industry for which they are judging your application.

All applicant plans will be seen and reviewed by active angel investors. After submitting a written application to AVF, more than 40 companies will be selected to deliver their elevator pitch at selection Day on March 4, 2010 in Philadelphia. From that program, 30 companies will be selected to present at AVF on April 6, 2010.

All applicants will be invited to additional networking sessions at no cost and several more will be selected to participate in our "Speed Dating" program at the Angel Venture Fair on April 6, 2010.

All AVF2010 judges are active angel investors. Thus, all applicants will get exposure to active angel investors. In fact, it is not uncommon to have companies receive investment just by going through the process, whether they are selected for AVF or not.

Finalists will be given the opportunity to provide a presentation at the Angel Venture Fair on April 6, 2010. In addition they will receive one exhibit booth at the Angel Venture Fair, and receive a total of two admissions (one for presenter and one for an additional staff member to man your exhibit booth) to all event activities for company personnel.

PLEASE NOTE: All Fees are due by the deadlines indicated or your firm will be dropped from participation.