The angel syndication network (ASN), led by its founder, Dr. Richard Sudek, is comprised of prominent angel group leaders who actively engage in collaborating for deal syndication. The angel group leaders are: presidents or syndication chairs. The ultimate strategy is to request each angel group to nominate their best deals to share with other angel groups for syndication. The purpose would be to fill a round, expedite a closing, and save the CEO from extended road shows. The screening sessions are open and viewed by accredited investors from these respective groups. Currently over 50 groups from across the country comprise the ASN. If you are interested in joining the ASN, send an email to asn.membership@techcoastangels.com

Geographically – the ASN group leaders are spread as follows

ASN represents over 1,500 angels & $1B+ direct investment

Abbreviated ASN Workflow

The workflow for syndicating deals through the ASN is simple and is shown as follows:

ASN Nominations are added to the ASN “Deals Queue” within Proseeder

Deal selection basis: screening rotation +timing <$15M valuation

 

Three deals selected + Shared syndication access to ASN groups

Deal leads update DD repository + Invitation released

Virtual screening session/Q&A + angels directly connect with deal leads for DD follow up call

Deal Nomination Prerequisite

  • Nominating angel group lead only allowed to refer deal to ASN
  • Deal has completed DD with the respective group
  • Term Sheet has already been negotiated
  • Angel Group is leading with 25% committed
  • Deal is near its expected close date
  • Enough of the round is open for an ASN investment

UCI: COVE – ASN Operating HQ

The COVE
5270 California Ave, Suite 100
Irvine, CA 92617

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ARE YOU AN ANGEL GROUP INTERESTED IN JOINING THE ASN? CLICK HERE
Contact: ASN@techcoastangels.com