Thursday, January 3, 2008

Central Texas Angel Network – 2007 A Year in Review

The Central Texas Angel Network is now just over 18 months into operations. As the year comes to a close, we take a look back at 2007. We grew membership from 28 members t0 50 and since inception invested over $3.6M in fourteen deals. The membership represents the diversity of the central Texas economy including angels from the film/video/media industry as well as software, wireless, internet, medical device, biotech, healthcare, and more.

CTAN held four rounds of Screening/Education/Presentation meetings this year. Dealflow remains strong with 30+ deals submitted each quarter to the CTAN website. In addition to our regularly scheduled meetings we held joint funding events with the Acton School of Business, TIE Austin, and the Austin Technology Incubator in the form of the Wireless Funding Forum.

In addition to increasing membership and dealflow, CTAN also saw increased public exposure with articles in the Austin American-Statesman, the Austin Business Journal and a growing relationship with the Business District Magazine. CTAN gave numerous speeches and panels throughout the year promoting angel investing in general and CTAN in particular.

Angel Education was a high priority for the group this year. CTAN held five angel education sessions focusing on topics such as valuation, due diligence, financial due diligence, angel/entrepreneur interaction, and planning for successful M&A exits. In addition, CTAN participated in a Mock Terms Sheet session ran by Andrews/Kurth in which angel investors negotiated a mock terms sheet with entrepreneurs from the Austin Technology Incubator.

CTAN continues to work closely with the Houston Angel Network to syndicate deals. Several other groups throughout the state are in the formation stages with whom we plan to syndicate deals in the coming days.

It was a great year and now looking forward to 2008.

Best regards,
Hall T.

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