Description:Empire Angels is a New York City-based angel investment group that is distinguished by its member-led structure and a commitment to supporting early-stage technology ventures. Comprised of experienced young professionals, Empire Angels seeks to make informed investments that foster the growth of young entrepreneurs based in the United States. The organization promotes a collaborative and open-source approach, providing a democratic framework that ensures highly filtered deal flow while also offering training opportunities for its members.
Typically, Empire Angels focuses its investments on Seed and Series A funding rounds, with individual contributions ranging from $100,000 to $250,000. The group prioritizes capital-efficient early-stage companies that are led by dedicated young founders, showcasing innovative solutions, large target markets, initial user engagement, and a clear trajectory toward meaningful revenue generation within the next six to twelve months.
To facilitate the evaluation of potential investments, Empire Angels hosts monthly pitch sessions, allowing members to assess startups before entering into due diligence and further negotiations. It is important to note that Empire Angels functions as a collaborative network rather than a traditional fund; while members work together on due diligence processes, each member is empowered to make independent investment decisions.
Notably, Empire Angels boasts the youngest membership of any angel group in the United States, and it is uniquely dedicated to training the next generation of angel investors, specifically targeting the Millennial demographic. This commitment not only enhances the investment landscape but also cultivates a new wave of informed and engaged investors, poised to support innovative business endeavors.