Members of Space Angels can expect the following benefits:
Space Angels provides truly unique access for individuals interested in the emerging private space industry, through exclusive events, company tours, and connections to the largest community of space investors and entrepreneurs in the world (our members have been behind some of the most exciting startups in the industry). We provide insider access to the best curated deals, professional and comprehensive due diligence, and streamlined documents and online closing process.
We are aligned with our investor members, focused on investment outcomes. Themed funds with preselected deals offers more choice for investors, no idle commitments, and better ROI. Our industry focus and domain expertise offers more value for entrepreneurs, better deal management, and ultimately enhanced ROI for investors. As truly Seed/Series A investors we are focused on curating the best early deal flow, with the most opportunity for growth.
- Access to exclusive events including space company tours, networking events and regional hub events (in cities including San Francisco, Los Angeles, New York, Denver, Houston, Seattle, Shanghai), and to our annual capstone Member Expedition.
- An immediate connection to the largest community of space investors and entrepreneurs in the world – our members have behind some of the most exciting startups in the industry
- The best, highly curated deal flow (by a wide margin) for companies in the space industry. We invest in less than 3% of the companies who apply to us.
- The ability to generate high multiple returns by early entry to compelling opportunities, versus the much smaller single and double returns generated through public equity investing
- Deal terms generally reserves for large venture capital investors: preferred shares, preemptive rights, liquidation preferences, information rights, warrants, etc.
- Insider access insider access to the best curated deals
- Professional and comprehensive due diligence on behalf of the Space Angels management team and subject area experts from within our network
- Access to the Investment Platform, with comprehensive deal rooms, streamlined investment documents and online closing and funding
- Syndication opportunities with our world class co-investors
Space Angels expects from its members:
- Attend investor calls and earnestly consider funding investment opportunities
- Provide feedback regarding prospective investment in areas where the member has expertise
- Invest at least $50,000 in total per year
- Offer to mentor entrepreneurs in areas where the member has expertise
- Comply with all relevant SEC, federal and state regulations, and local laws and accreditation requirements
- Members are expected to abide by the terms of the membership agreement, including but not limited to the following:
- Provide accurate, truthful information in all applications and documents.
- Maintain a high level of integrity, professional conduct and confidentiality in all interactions with companies applying for investment, business partners, sponsors and fellow members.
- When Space Angels provides information about companies to invest in, and that or those investment opportunities were otherwise unknown to a member, the member will invest only through Space Angels, unless the opportunity has been declined by Space Angels in writing.
- Promptly notify Space Angels of any changes in contact information or accredited investor status occurring after the date of this Agreement.
General criteria and process for admission as a Space Angels member:
- Completion of a membership application.
- Review by the membership committee of corroborating information, which may be as simple as a review of online information (LinkedIn, company bio, etc.) or in the case where such information is not available, or if deemed by the membership committee further background review including an interview may be required.
- Space Angels accepts new members to the network, however referrals from current members are preferred.
- Space Angels may also conduct a review of the applicants affiliation with aerospace companies to help ensure appropriate use of data and protection of member and startups’ interests and confidential information. Caveat: Space Angels does not guarantee and such protection of information.
- Satisfaction of accredited and/or qualified member status as defined by both U.S. and local jurisdiction for members outside the United States. “Accredited investor” is as defined by SEC Regulation D (17 CFR § 230.501), which in general states that an “accredited investor” is any natural person who alone, or jointly with a spouse has a net worth exceeding $1 million (excluding the net worth of his/her primary residence) or has individual income over $200,000 in each of the two most recent years, or jointly with a spouse has income over $300,000 in those two years, provided there is a reasonable expectation of reaching that level in the current year. For entities, please see Rule 501 of Regulation D for applicable requirements.