It's not going to be a surprise when I say Black, Latinx, and women are underrepresented angel investors. I've continued to explore the question, how do we move the needle to expand who has a seat at the investor's table? As many of you know, it has long been important to me that we meaningfully welcome new angel investors into the MN ecosystem. Which is why I'm excited to announce our new partnership with TechTown Detroit and our joint collaboration on a angel program that gets to the heart of it.
Program Details
TechTown Detroit’s Catalyst Angel Program helps emerging angel investors in the Great Lakes Region who identify as Black, Latinx, and/or women gain knowledge about angel investing.
The Minnesota cohort, led by Groove Investment Group, will connect Catalyst Angel Program participants in Minnesota. Together, we will gain a deeper understanding of angel investing, engage in curated virtual courses, and connect in person with peers.
The cohort will provide a community for Minnesota-based angels going through the program—angel investing is a team sport after all.
Important Dates
- September 1: deadline to apply to the Minnesota cohort
- September 13 - October 25: “Angel University” virtual courses taught by Angel Capital Association
- September 21: Twin Cities Startup Week Investor Rally & Cohort Kickoff (in-person)
- November: Happy Hour & Graduation (in-person)
Course Details
- Fundamentals of Angel Investing
- Risks in Angel Investing
- Due Diligence Workshop
- Term Sheet Basics
- Valuation Workshop
- Angel Returns and Portfolio Strategy
Requirements
- Identify as Black, Latinx, and/or women
- Accredited investor
- Under 2 years of angel investing experience
- Reside in MN, MI, IL, OH or WI
We look forward to seeing you at Angel University!
FAQs:
Q: Is there a cost associated with this program?
A: No! This program is funded by a federal grant.
Q: Do I need to be a member of Groove to join?
A: Nope. You're welcomed either way.
Q: What if I am unable to make a class?
A: All classes will be recorded, in case you miss a session or want to refer to it later.
Q: I missed the informational session, do you have a recording of the call?
A: Yes, here is the Information session Zoom., but feel free to reach out with questions or set up a call to talk things over.
Q: What is an accredited investor?
A: SEC's definition includes any one of the below:
- $200,000 of income individually (or $300,000 combined with your spouse),
- Net worth of $1,000,000 or more (not including primary residence) or
- Professional certifications, designations, or other credentials issued by an accredited educational institution, such as Series 7, Series 65, and Series 82 licenses.
If you have any questions reach out to Mickayla Rosard (mickayla@groovecap.com) or Dawn Batts (dawn@techtowndetroit.org).
