Frequently Asked Questions
About Angels + Entrepreneurs Network
He has helped Amazon, Microsoft, Airbnb, Google, Thomson Reuters, Viacom, NBC, Intuit, Zappos, American Greetings, General Motors, and Salesforce grow through marketing. Neil is a serial entrepreneur who today runs four companies on a global scale.
But Neil spends more time these days on the other side of the table – as an angel investor. That means he gets to be one of the first to put capital into young and promising companies.
Neil has made some unbelievable returns backing early-stage startups. Now, he’s here to teach you to do the same.
The retreat will be full of opportunities to network with other members and industry insiders, including Neil Patel himself.
Members are sent an email notifying them when the tickets for the retreat go on sale in accordance to their Angels + Entrepreneurs subscription level. The tickets go on sale about four months prior to the event and sell out very quickly, so we encourage our members to reserve them as soon as possible!
* Please note that the date and location of the event changes yearly.
Founder: The Founding level membership provides a minimum of two startup recommendations per month. These deals will always be open to both accredited and non-accredited investors. This membership is offered in one- or two-year increments.
Elite Founder: This is a lifetime of the Founder level. In addition to the 2+ recommendations every month, Elite members receive a quarterly Real Estate Investment opportunity, as well as a monthly BDC (Business Development Company) report.
VIP Founder: This is the highest level of membership we currently offer. VIP Founders receive at least two recommendations per month as well, however, these will generally be Regulation A or D, and may have slightly higher investment minimums, or be exclusive to accredited investors.
Angels + Entrepreneurs Inner Circle: This is a package membership which gives you access to all of the subscriptions we offer – and you are automatically added to any subscriptions which are released in the future! For more information about the Inner Circle, feel free to call our VIP Product Specialists at 1-866-405-7674.
Angel investing can be risky. That’s why Neil recommends diversification as one of the core methods to mitigate risk. In other words, try not to put all your eggs in one basket.
It is important to make well-informed investments based on thorough research to minimize your risk. It is also important to speak with a financial advisor to better understand these risks and market terminology. An advisor can help you make better decisions for your long-term portfolio.
To be an accredited investor, one of the two following conditions must be met: 1) You must be married and have earned an income exceeding $200,000-$300,000 over the past two years, or 2) you need to have a net worth greater than $1 million, not including the value of your home.
There is no certification or documentation that names you as an accredited investor. Instead, the company behind the private deal you are trying to engage with will put you through their own screening process to verify your status. Typically, this is just a signed form from your broker or accountant verifying your assets.
An offering through Regulation CF (short for “crowdfunding”) has a maximum fundraising limit of $1,070,000 and must be conducted through a single online funding portal that is registered with the SEC (i.e. crowdfunding websites). Individual investors are limited in the amounts they are allowed to invest by their income and net worth.
Tier 2 offerings under Reg. A+ are more common because they lack the burdensome requirements for state-by-state qualification. They also feature higher maximum fundraising limits ($50 million rather than $20 million).
The downside is that it can only sell to verified “accredited investors” (i.e. individuals or married couples with a net worth in excess of $1 million). That means that most everyday investors won’t be able to participate.
Because businesses at this funding level have already achieved some level of success, 506(c) raises can be great investment opportunities for those who qualify.
For those who don’t, there are still other offerings you can participate in – with just as much potential to make you a millionaire.
Once a raise hits its maximum, the company can open the waitlist. This seems much more common in Reg. CF raises. In the event that a previous investor can’t fund their investment, individuals on the waitlist get a chance to replace them at the cap table. (Please note: Different platforms operate their waitlist differently, so it is important to check the policies for the crowdfunding site in question.) Once a raise reaches its closing date, the waitlist is generally closed as well. All investments are finalized and any waitlisters who did not have the chance to invest have their commitments canceled.
For your direct investments, you will generally have a portfolio on the crowdfunding site used, similar to what you might find on a standard brokerage platform.
We recommend using a digital spreadsheet (Excel, Google docs, etc.) to make note of your personal investments and login credentials for any crowdfunding platform you join. Many members use the notebook provided in the welcome kit for this purpose as well!
That’s correct! Neil and the research team work hard to find the best startups, with the lowest minimums available. Please note that minimums will vary. If a company passes the rigorous vetting process, we are going to pass it on to you regardless of minimum price.
Once the raise closes, investments are finalized. The company follows up on any outstanding investments, and as long as the minimum goal (listed within the offering documents) has been met, the company can disperse the funds from escrow. We recognize that this can be a nerve-wracking process, but it is important to be patient, as this process can take weeks or even months.
If the company has not met its minimum goal, investments are canceled and any funds are returned to investors.
Please note that it is okay to change your mind! Platforms generally offer a short period directly after the investment is made (typically 48 hours) to cancel. After that, you may be locked in for a year before you can sell your stake if you decide that startup is not for you. If you are on the fence, make sure to double-check the policies of the crowdfunding platform before you invest.
The Crowd SAFE (Simple Agreement for Future Equity) is a contract that represents a financial stake in a company, however investors are not automatically stock holders. SAFE investments are converted to equity after triggering events, such as an IPO, a merger or acquisition, or in some cases, later funding rounds.
In the event that you have the opportunity to collect a return from a trigger event, the company will contact your directly with the details.
It can vary. This is mandated by the regional securities commission (the SEC in the U.S.) for the place in which you reside. It is best to check with that governing body to make sure that you are acting within the laws and guidelines in place for your territory.
Investment limits are mandated by the SEC, and are in place to help protect individuals from investing more than they can responsibly afford to risk. Crowdfunding platforms usually will allow you to enter more information about your net worth and income to raise your limit as appropriate.
Groups and Local Chapters
Groups and Local Chapters let you stay in touch with fellow angel investors with similar interests, whether they’re in your city or across the country. When you join a group, you’ll have access to a Chapter Forum, where you can get in touch with your fellow group members and talk about all things investing.
My team can also help you facilitate group meetings, virtually, for now. When it’s safe, we can set you up with some of our event coordinators and help you organize an in-person meeting, too.
The Chapter Coordinator leads the group and facilitates meetings, check-ins, and conversations on the Chapter Forum.
They’re also the main point of contact between the group and the Angels & Entrepreneurs team, meaning that they’re the ones to contact us if their group is interested in setting up a meeting.
Beyond that, you can make the role whatever you want it to be.
We do also host an hour-long Virtual Chapter Meetup once a month, which is open to all members.
I submitted a post to the Network forum, and it says its “awaiting moderation.” What does that mean?
Our admin team moderates every comment which is submitted to the forum in order to maintain a positive and organized environment. Generally, you can expect your comment to be moderated within 24 hours.
Occasionally, your comment may take a little extra time because our team is reaching out to Neil or one of the Founders directly to ensure the best response. Please be patient with us; we want to be as helpful as possible!
Orders and Payments
Once you have received confirmation of your purchase, it may take up to 24 hours for your order to process. However, everything you need to get started is located right here, within our website! During the first week of your membership, make sure to check your email for tutorials to help familiarize you with the different areas of our site.
The PSV* before the name of the newsletter stands for “publishing services,” indicating that the charge is for a newsletter service. Other publishing houses use this same acronym. Following this is the name of the publication. In general, the PSV* designation appears only on Visa card statements (please see below image for reference). The phone number for Angels + Entrepreneurs Customer Support is also listed in case you have a question or concern about the charge. In fact, we highly encourage you to reach out to our Customer Care team by phone at 1-866-310-1498 or email email@example.com if you need any explanations or clarification on the charge prior to reaching out to your credit card company or bank. Our Customer Care representatives are more than happy to assist you!
Events: The Events page shows you any Angels + Entrepreneurs Network events in development. This page will also list events which the startups themselves hold, and would like to publicize to our members.
Deal Flow: The Deal Flow page lists all of the startups which have been recommended through our subscriptions. Each deal tile contains due diligence information, videos with Neil, and an Angel Action Plan with instructions on how to invest. Each company on this page is one which was handpicked by Neil and the research team, and passes Neil’s 1,000X formula.
Media Room: Most importantly, the Media Room contains your eight-part Angel Investing Boot Camp with Neil! You will also find a monthly Masterclass video in which Neil interviews a special guest and a monthly Virtual Boardroom meeting to catch you up on the most recent month of Angels + Entrepreneurs Network.
Network: The Network page contains our message boards, where you can discuss the deals and crowdfunding with other angel investors just like you!
Reports: The Reports page lists any special reports which are available to help you on your journey as an angel investor. We highly recommend checking out Decoding the SEC’s Raise Regulations and the Speaking Silicon Valley dictionary for valuable information about raises, equity crowdfunding, and more!
This will show you a snapshot of info about the company and tell you if it’s closed. If you click on the tile itself, you will enter the deal page. Companies that are closed will specify this in the Angel Action Plan.
In addition, the Deal Flow page is organized chronologically, with newest deals at the top.