INVESTMENT CRITERIA

JumpStartNJ believes that wealth creation starts with a strong relationship between the angel investor and the entrepreneur. All JumpStartNJ angels invest personally in a company.  In other words, JumpStartNJ angels do not pool funds to invest as a fund. The result is a strong, personal bond between angels and entrepreneurs. The membership has diverse interests and preferences, and each member makes his or her own investment decisions. However, the following criteria can be used as a guide to apply for funding:

  • Early-stage growth technology companies with high potential return for investors.

  • Geography – Mid-Atlantic Region. 

  • Preference for proprietary or innovative technology that disrupts traditional businesses.

  • Capable and complementary team of at least 2 founders ~ no sole proprietors or lifestyle businesses.

  • Scalability of business model ~ Total Potential Addressable Market Size > $100M.

  • Proof of concept with an articulated sales strategy (i.e. minimum sales traction of $50K - $80K in reoccurring revenue or at least 2 paying pilot customers.

  • Articulated Funding Cycle Predictions and Exit Strategy (within 5-8 years).

  • Investments range from $25,000 - $1,000,000 - JumpStartNJ members' total investment is typically around $150K-$250K. Syndication with other groups for up to $2,000,000 raise is possible.

  • Reasonable valuation commensurate with the opportunities and risks. JumpStartNJ members typically invest in companies in the $1M - $5M pre-money valuation range.

  • Member investment interests are varied. Preferences include but are not limited to the following areas: IOT, AI, SaaS B2B, HealthCare IT, Medical Devices, Robotics, Alternative Energy, Shipping/Logistics Tech, Cybersecurity.

  • Typically, we do not invest in food, fashion, pharmaceutical drug development, consumer products or very early-stage startups that do not have a compelling technology, minimum sales traction and/or proof of concept.

FREQUENTLY ASKED QUESTIONS (FAQs)

HOW DO I MEET JumpStartNJ ANGELS?

JumpStartNJ regularly holds Meet the Angels events. JumpStartNJ Angels also speak at regional events, meetups and startup conferences. Organizations, such as TechUnited:NJ (and its predecessor New Jersey Technology Council), NJEDA, TechLaunch and others, sponsor events where you may meet a JumpStartNJ member.  

WILL ANGELS HELP RUN MY BUSINESS?

Angels have different attitudes on getting involved in your business. Some angels are passive investors while others are mentors. A few angels will even help with the day-to-day management of your business. You need to find the angel that offers the capital and the level of involvement you need.

WHAT IS THE JumpStartNJ REVIEW PROCESS?

Applications are screened monthly, and companies are invited to present for funding if there is sufficient interest. You will be invited to make a 10-minute presentation followed by a 10-minute Q&A at a monthly JumpStartNJ meeting. Most presentations do not immediately result in funding. However, you will gain valuable input and experience as well as the opportunity to network with our seasoned angels. Chances of success will improve dramatically if you are introduced to JumpStartNJ by a member angel or by one of our partners within the New Jersey ecosystem. 

CONTACT US

PHONE - 856-813-1440

2006 - 2019 Jumpstart NJ Angel Network All Rights Reserved