RAIN-Roseburg Area Angel Investors Network 2014
In order to maximize opportunities for interested companies to apply, submissions will be due on September 29th, 2014 by 11:59pm EST.
The second RAIN (Roseburg area Angel Investment Network) conference is now accepting applicants for both an investment for a “launch” stage company and a prize package for a “concept” stage company through September.
RAIN is partnering with Palo Alto software who is hosting the application process through their Live Plan pitch & business management software. The application instructions are at: http://rainangel.org/apply-compete/
The “launch stage” investment is anticipated to be between $125,000 and $175,000. Any Oregon-based early stage company is eligible to compete.
The RAIN investors (mostly private investors with an additional investment from the Oregon Growth Account, i.e. the State of Oregon) completed negotiations on terms with the winner of the November 2013 conference, Homeschool Technical Apparel, in early 2014. The final investment made by the RAIN 2013 LLC was $230,000.
“Not only did we receive an equity infusion of over $200K through RAIN, I gained invaluable insights and support from a group of engaged investors. RAIN members included people with directly-relevant industry experience and great connections.”
Daniel Clancey, Founder & CEO, Homeschool Technical Apparel
The competition and the process itself can be an important learning experience for applicants.
“Competing for the RAIN investment helped me think about my business in new ways. I had sold my product before—but never thought about pitching my business. I gained new insights into my strategy, I learned a ton about when and why I might want to bring in equity investors, and it helped us position for growth. It was a great experience.”
Lem James, Bravado Outdoor Products LLC
The Concept Stage competition is for business ideas or very early stage companies seeking assistance to get started. Only Douglas County businesses are eligible. The winner will receive a prize, including $3,000 in cash, 6 months rent-free residency at the Umpqua Business Center and a package of free and reduced cost business services sponsored by inerseshen creative media. The cash prize is sponsored by Dotty Stapleton of TMS Call Centers and Palo Alto Software.
2014 “Concept Stage” Prizes: