Brisbane Angels

Brisbane Angels Group is a large group of private Angel investors who actively invest in early stage technology companies. We are looking for: -Strong management team with relevant experience We expect you to explain the relevant experience and domain expertise of your team. If the team is incomplete, we expect you to recognize who is needed to round out the team. -Technology that solves pressing needs BA defines technology broadly in many industries, including Hardware, Software, Digital Marketing, Consumer Products and Services, Financial Services, IT Services, Healthcare Services, Food & Beverage, BioTechnology. Regardless of industry, a successful applicant must be able to demonstrate market validation of its technology. Ideally, the company will have revenue and a strong sales pipeline. -Niche dominance You must demonstrate that you can achieve at least a 25% market share in a well-defined niche (i.e., show how you can sell cost-effectively into that niche). The niche can be within an existing market, or it can be a new niche. Grand visions of a multi-billion dollar market is not attractive unless you can convincingly show how you will dominate that market. With few rare exceptions such as eMachines, dominating a billion-dollar market is usually not possible; and in eMachine’s case, we doubt many would have believed that they could become the #3 PC company in less than one year. -High growth potential This must be in either a developing market, or in an existing market. You must present a credible plan for achieving that growth, not a Chinese Glove Syndrome (“there are over a billion Chinese, we will sell 1% of them a pair of gloves at $20/pair, which gives us revenues of $200 million”) without supporting data to show how you would sell them. -Sustainable competitive advantages Some examples: a “blocking patent” (that can keep out competition); an easy dial number (or vanity number) (eg 1-800-WEDDING); a domain name (e.g., buy.com); “first-to-scale” advantage (i.e., show you already are the first company to achieve some scale in a new niche). -Exceptional Return on Investment Because BA members assume a great deal of risk by investing in early stage companies, applicants should be able to make a compelling case for a 10x or better return on investment within 5 years. Investments that are expected to require no more funding than the current round are especially valued. Investment Criteria - Located within driving range (150klms) - Addressing a significant and compelling business need - Industry and market size enabling >10x return in 4-8 years Technology or business model with which to leverage a return - Coachable and qualified management team - Reasonable exit in 4-8 years