In an angel group, individual angels join with other angels to invest collectively in entrepreneurial firms. Angel organizations come in many forms, but all have certain characteristics:
- Angels meet regularly to review business proposals
- Selected entrepreneurs make presentations to the members of the group
- Member angels decide whether to invest in the presenting business
- Angels work together to conduct due diligence to validate the plans, statements and history of the entrepreneurs team
Since 2009, SeedStep Angels has invested more than $10,000,000 into 42 different companies. The core of this group is made up of successful business leaders and investment groups throughout the state of Oklahoma.
