Advisors assist our Angels in evaluating companies that apply for funding. Advisors do not make investments and are not required to be accredited.
The goals of our Advisor program are two-fold. The first is to give our network access to deep, expert domain knowledge as we evaluate companies in specific product-market segments. The second is increase the experience of our Advisors in assessing early-stage, impact startup companies.
We look for the following in an Advisor:
- You have at least five years of work experience (ten years of experience is preferable)
- You have had some exposure to early-stage start-up companies
- You care deeply about social impact
We strive to have a team of Advisors that reflects the rich diversity of the larger community.
We limit to number of Advisors to one-third the number of Angel investors, and often find it necessary to maintain a wait list of Advisor applicants.
If you live outside of Austin, you can virtually attend our down-selection calls and deal memo working calls (which have always been via zoom) and also our in-person quarterly pitch events (when they re-start in person) which are live cast over zoom.
In addition to Advisors, the network maintains a list of industry experts that we may consult with from time-to-time as we evaluate companies and funding opportunities,
The benefits of being an Advisor include:
- Advisors have the opportunity to learn about a wide variety of young social-impact start-up companies located in Austin and in the rest of the country.
- Advisors get to meet and build relationships with impact start-ups, and Austin impact investors and advisors.
- Advisors get to learn about early-stage companies and early-stage investing.
Advising activities include:
- Assisting in the down-selection process that identifies the companies that will present at the quarterly pitch events.
- Attending and participating in the quarterly pitch events
- Assisting in due-diligence for companies late in the funding evaluation process
- Optionally coaching companies in your area of expertise
- There is no cost to become an Advisor.
- Maintaining Advisor status requires on-going, active participation as an Advisor as described in the Advisor Application.
- Your first six-months as an Advisor is a probationary period. After that period, we will have a discussion about continuing the relationship.