ARIEL SOUTHEAST ANGEL PARTNERS
ANGEL INVESTING AND OUR GROUP
Filling a void in the financial investment marketplace, Angel investors help start-up companies to grow and create jobs by assisting organizations who have sound business plans, who have made a significant commitment to their business and who need capital to start up or expand. Business Angels are about multiplying value.
Ariel Southeast Angel Partners (ASAP) is a highly member focused and invitation only investment group with approximately 35 active members. Spouses are also welcome in joint membership. Angel groups are either a pledge network or a committed fund: ASAP is a network model which vets deals and individually pledge our investments – there is no necessity to invest in every one of the (currently) 21 portfolio companies but investments are asked for in increments of $5,000. ASAP membership dues are $1,500 per annum and are treated as a “capital contribution” on K-1
ASAP (Partners), LLC holds the investment title, maintains investor accounts and reports quarterly on member interests, including working proactively for tax incentives for Angel investing.
The organization is a member of the Angel Capital Association (ACA) and an active participant in the Southeast Angel Region with 27 angel investment groups.
A Board of nine Directors is elected and there is one half time salaried employee – Ray Wenig, President and COO
ASAP attracts deals from entrepreneurs skilled in leadership and management with a passion for their business who present early stage ventures that need funding in order to become market leaders in their industry. These deals come from a variety of routes but mainly through referrals from members and other regional angel groups, direct approaches from entrepreneurs and organizations within the educational, economic and business development sectors.
Our current portfolio reflects the interests and expertise of our membership and continues to evolve. We are strong in health/life sciences and biotech but other investments include digital media, software, accelerator, specialty products, security systems and alternate energy. Companies in our portfolio are not only based in Georgia, Florida, South and North Carolina but as far afield as Indiana, Pittsburgh, Virginia, Massachusetts, California and Utah.
July 2013 saw our first successful exit with Advanced Liquid Logic’s acquisition by Illumina Inc. offering a significant return on investment for our members. All our investment opportunities have defined exit strategies including venture capital financing, mergers, acquisition, private equity exchange or other capital sources. ASAP prides itself on actively guiding and mentoring our portfolio companies through board seats and advisory panels.
Ray Wenig, President of ASAP said “We believe that by locating and evaluating early-stage, high-potential businesses and by working together we can significantly improve our members’ investment portfolios”.