In this episode, Hall welcomes Gale Bowman of IrishAngels. IrishAngels was formed in 2012 as an angel investment network affiliated with the University of Notre Dame. Investors in the network all have ties to the university and they currently have over 230 investors in their active network. IrishAngels focuses on seed-stage investing. They look at companies that are raising rounds of $1 to $3 million. IrishAngels operates like a venture firm does, in terms of going out to find the deals. Their team screen the deals, do due diligence, and negotiate terms if needed. After the investment is closed, they work with the portfolio company's CEO on an ongoing basis to make sure that their organization is providing valuable help to that entrepreneur and the company, as they continue to grow.

Today, we’ll talk about the documents you need for your fundraise.

The first document is the pitch deck.This is usually ten to fifteen slides introducing your deal to the prospective investor. It should cover the basics of the business including the problem you are solving, the solution and product you are offering, the competitive advantage, your business model, the team, financial projections, your fundraise amount, and the exit you envision.

You’ll also need a detailed 3 to 5 year financial projections often called the Pro Forma. This gives the investor an idea of what you will do the funds and how you envision the company growing.

In addition, you’ll need a data-room or what some call the due diligence box which contains key documents about your business. These documents include your entity filings, patent filings, articles of incorporation, income statement, balance sheet, and other documents detailing your business. Investors who want to make an investment will look for these documents so they can run their due diligence.

Finally, you’ll need a terms sheet which outlines the terms of the investment. Most investors will want this document as part of their diligence so they know exactly what they will be signing.

Thank you for joining us for the Startup Espresso.

Let’s go startup something today!