Member engagement

Angel investing is not just about providing capital to start-up companies, it is also about assisting entrepreneurs with skills, expertise and connections. Check out the key characteristics and benefits of being an Angel Member here.

To become an active Angel Member there are 4 key stages.

Learn more about Angel Investing and Enterprise Angels view Express Angel 101

Check you qualify as a Wholesale Investor.

Join us as a Pitch night event

Submit membership application form.

Meet with a senior team member.

Application reviewed at Board Meeting and formally approved

Deal Opportunities presented via Pitch night or email

Indicate interest and receive further information

Confirm your $ commitment

Complete Compliance Documents

Pay investment

Receive quarterly updates on investee company performance

Getting Involved as an Angel Member

The strength of the Enterprise Angels brand is dependent on the commitment of our members volunteering time to support the early-stage ecosystem. Often members site their own lack of expertise as a reason for not being involved, but everyone has expertise, and experience and they can bring to the table. Additionally, the more you become involved the greater the opportunity to increase your knowledge as you learn from the experience of the other members you are working alongside.

As a first step it is important that you update your member profile as this allows us to easily search and identify people with  specific skills or experience.

ADI Clinics

Angel Drop in (ADI) Clinics are a free service we provide to local startup founders looking for feedback and advice on actions to get their business to be attractive to investors.

At these Angelic Drop-In Clinics, up to four founders come in to present their early stage concept and gain understanding of what is needed to prepare to raise capital from a panel of Angel Members. The clinics give founders an opportunity to interact in a non-pitching environment with people who have experience and expertise in investing. You can help these startup founders by giving advice as to what angel investors would look for and some pointers on the gaps to be filled.

Every month we require three Angel Members to volunteer at an ADI clinic for 2 hours maximum per session, (each founder books a half hour session.) If you can help out please get in touch.

Investor Rep or Director

Angel Members have the opportunity to put their experience, skills and connections to work by taking on the role of an Investor Director or Investor Representative in one or more of the companies they invest in. Being an Investor Rep is a fantastic role which aims to maximise value for both the assigned company and their investors.

Key responsibilities include:

  • providing eyes and ears on the ground to help your assigned company make the most of the resources the Enterprise Angels network has to offer
  • working with your assigned company to provide the information updates you as an investor would like to see
  • being a point of contact for fellow investors for any points requiring clarification. This can be from your assigned company, or from new investors on their angel investing learning journey.

The time commitment for this role is 3-5 hours per quarter. More information on what is involved can be found here.

We currently have opportunities available for Investor Reps in a few of our existing portfolio companies. If you are interested in volunteering your time for one of these roles, please get in touch.

Due Diligence

Due Diligence is the comprehensive appraisal of an opportunity undertaken by a team of Enterprise Angels members, to verify and fully understand the various aspects of the business and evaluate the risks and potential benefits.

The process kicks off post pitch night when our members have indicated there is sufficient interest in a deal both in terms of investment and wanting to participate in due diligence. A due diligence checklist is followed to ensure every detail of the business and deal is reviewed.

Any member can be involved in the Due diligence process, and it is a great way to increase your understanding about Angel Investing and the key aspects that need to be considered when evaluating the risk of investing in a business. To be involved in the Due Diligence process you just need to indicate your interest on the feedback form post pitch event.

The time commitment can vary from as little as a few hours if there has been an in depth report done by a third party, through to 5-10 hours per week over a period of 2-4 weeks if it is a full due diligence undertaking and you are leading the due diligence team.

Investment Committee

The Investment Committee comprises members with a diverse skillset and range of experience to ensure all elements of investment opportunities are considered, ranging from valuing and assessing startups to mergers and acquisition.  The EA GP Board is responsible for appointing members to the Investment Committee.

The Investment Committee:

  1. Screens investment opportunities to pitch and/or go into due diligence for fund investment consideration. It considers:
    1. Fund mandate
    2. Key criteria (people, moat, timing, market size, idea with exponential benefit, NZ based/global ambitions)
    3. Whether the opportunity will appeal to the membership (for pitching)
  2. Receives recommendations from Enterprise Angels following due diligence on investment opportunities and decide whether the fund will invest.  The Investment Committee does not undertake due diligence in the normal course of a fund investment, as it relies on Enterprise Angels to drive investment terms and due diligence processes.
  3. Considers and determines holding valuations for fund companies based on information received from Enterprise Angels.

All decisions of the Investment Committee must be ratified by the EA GP Board.

The Investment Committee meet monthly, plus as required for additional investment decisions. Click here to view the current members of the investment committee.

Exit Committee

Our Exit Committee specifically focuses on the more mature portfolio companies and how they can realise returns for founders and early investors – exits in the form of IPO, trade sale or post angel funding. The committee, comprises of exited entrepreneurs and experienced angels.

The Exit committee meet for a couple of hours once every two months. Click here to view the current members of the exit committee.

Serving as a Board Member

As an incorporated society Enterprise Angels is governed by a Board of Directors comprising of members, elected by members. In addition to the EA Board there is the opportunity for members to be a representative on the EA GP Board and EA Nominee Board. EA GP Limited and EA Nominee Ltd are both a 100% owned subsidiary of Enterprise Angels. EA GP has overall responsibility for the operation and management of the EA Funds. EA Nominee is the legal title in which investments are held and administered on behalf of Enterprise Angels members. Nominations for Board members are called for prior to AGMs.

The Board meetings are held every second month five or six times a year.

Grow the Member Community

Word of mouth and referrals are the best way to grow our ‘angelic’ community, but success is dependent on members sharing what we do and encouraging people to get involved. Think about your own circle of friends and colleagues – you never know what talents and interests you might uncover.  Talk to them about Angel investing, share our investment flyer or invite them to join you at our next Pitch event, or subscribe to our quarterly newsletter.

Another way you can help build the reputation of Enterprise Angels and attract more investors and founders is by submitting a Google review that we can share on our website and in social media.  It only takes a few minutes. Simply click here to go to our Google Business page, give us a star rating out of five and leave some positive feedback on what you enjoy about Angel Investing and being a member of Enterprise Angels.

Finally follow us on social media, and like, comment on or share our posts with your wider network. Connect with us on Linkedin and/or Facebook

Referring Founders

We’re always on the look out for new deal opportunities. If you know of someone who has a unique product or service and is interested in raising capital, then please refer them on to Nina or Jake. Also share with them this resource on The benefits of raising capital with Enterprise Angels and our webpage https://www.enterpriseangels.co.nz/raise/ 

They can find out how to get started, what we are looking for, how to apply and how the process works and what value we add!