The Initial Application Step
For Follow-on Rounds Greater than $2M
The company is a current SWAN portfolio company.
The company has a lead investor who has performed due diligence, set reasonable terms and has agreed to fund at least 10% of the amount to be raised. Additionally, the lead investor is willing to share the diligence.
The company has recruited a current SWAN Angel who is strongly considering investing in the round and who is willing to Sponsor the company through the SWAN process.
For Follow-on Rounds of $2M or Less
The company is a current SWAN portfolio company.
The company has recruited a current SWAN Angel who is strongly considering investing in the round and who is willing to Sponsor the company through the SWAN process.
The Next Steps
Company is requested to update their Dealum application.
The SWAN membership is notified by the Sponsor and asked to evaluate 4 questions
- Do you believe this company has an opportunity for high returns?
- Are you confident of substantial impact?
- Would you be interested in attending a company presentation?
- Are you interested in potentially investing?
If two or more Angels affirmatively answers those four questions, SWAN invites the company to do a 1 hour zoom call with interested parties.
After the zoom call, if two or more Angels are interested in investing SWAN will notify all of its angels that they have seven days to evaluate the opportunity. During the evaluation period, the angels may view the recording of the zoom meeting, review the information in Dealum, and speak with the Sponsor.