Cornerstone Angels - Angel Group

Cornerstone Angels

Angel Group | Northbrook, IL, United States
www.cornerstoneangels.com

Share your venture with Cornerstone Angels

Cornerstone Angels - Angel GroupLaurence Hayward
Managing Director
Cornerstone Angels - Angel GroupMichael C Gruber
Chairman
Cornerstone Angels - Angel GroupAchint Prabhat
General Manager

Cornerstone Angels - Ideal Startup Investment

Cornerstone is focused on seed and Series A investments in high growth ventures which are capital efficient. We are located in Chicago area and are focused on investments in the greater Midwest; however, we will invest nationally for the right opportunities. We are willing to invest alongside of other angels, angel groups, and VCs in syndicates.

Key General Criteria include:
* Use of funds focused on sales and marketing execution, not R&D
* Product or service needs to be developed, with preference for customer validation either through usage or sales
* Strong management team in place, with good mix of domain expertise and early venture experience
* Funding round generally larger than $500K and less than $3 million
* Pre-money valuation generally less than $5 million

Investment Process:

* Application: A company first must apply through submission of the online application on Gust. Please note that there is a $50 fee for the application. The Application Fee is a non-refundable processing fee and is retained by Cornerstone Angels whether or not a company is selected to present at future screening or investment meetings. We are sensitive to any fees to entrepreneurs as the core of our activities is focused on finding high quality investments. The application fee is a low-cost way for entrepreneurs and our group to interact and help control the quality of submissions. As always, we encourage entrepreneurs to network into our members and other trusted partners to help in getting your business into our review process.

* Pre-Screening: Upon favorable response, a company may be asked to provide additional details. At this point, the company should have provided an executive summary, business plan or investor powerpoint presentation, and summary financials.

* Deal Screening: An in-person screening event will take place with the Company providing a 10 minute presentation and having 10 minutes in Q&A in front of a panel of screeners composed of investors and industry veterans.

* Diligence: A select group of companies will be selected for further review and investigation

* Investment Meeting: 2-3 companies will be invited to present to the Investment Meeting in front of investors. These meetings will typically be held every two months. Each company will make a 15 minute presentation, with up to 20 minutes reserved for Q&A. We also ask the company based on the value received during its involvement with the group, and any funding success that may be achieved, to consider providing the Cornerstone Angels group with an appropriate level of compensation, in cash or equity at the Company's discretion.

Cornerstone Angels Invests In These Industries

Business Products and ServicesIndustrial/Energy
Clean TechnologyInternet / Web Services
Consumer Products and ServicesIT Services
Financial ServicesMedia and Entertainment
Food / DrinkMobile
GamingSoftware

Cornerstone Angels Invests In Companies That Have Reached The Following Milestones

Prototype Ready - $3M in Trailing 12 Mo. Revenue
Concept OnlyProduct In DevelopmentPrototype ReadyFull Product Ready$500K in Trailing 12 Mo. Revenue$1M in Trailing 12 Mo. Revenue$3M in Trailing 12 Mo. Revenue$5M in Trailing 12 Mo. Revenue$10M in Trailing 12 Mo. Revenue$20M in Trailing 12 Mo. Revenue$50M in Trailing 12 Mo. RevenueMore than $50M in Trailing 12 Mo. RevenueMore than $50M in Trailing 12 Mo. Revenue ►◄ Concept Only

Cornerstone Angels Invests In Companies With These Funding Needs

  • Pre-money Valuation: USD0 - USD5,000,000
  • Capital Seeking: USD500,000 - USD3,000,000
  • Previously Raised: USD100,000 - USD1,500,000

Cornerstone Angels Expects Their Investments To Generate

  • Expected Revenue By Year 5: USD20,000,000 - USD150,000,000
  • Expected Returns: 10x Investment - 20x Investment
  • Expected Years to Exit: 3 Years - 7 Years
  • Expected Years to Break Even: 2 Years - 3 Years

Cornerstone Angels Investment Portfolio

Last 12 Months
Right At School FundedRight At SchoolCompanion Diagnostics FundedCompanion DiagnosticsRobinhood FundedRobinhood
Previous Investments
JIMINY LLC FundedJIMINY LLCGreenPoint FundedGreenPointGearbox Express FundedGearbox ExpressPVPower, Inc. FundedPVPower, Inc.Lumec Control Products, Inc FundedLumec Control Products, IncNeuros Technology  FundedNeuros Technology Digital Acoustics FundedDigital AcousticsRMI Corporation FundedRMI CorporationTela Doc FundedTela DocTurin Networks FundedTurin NetworksOrganic To Go FundedOrganic To GoAmyris Biotechnologies FundedAmyris BiotechnologiesSmartCells, Inc FundedSmartCells, IncIMH, Inc. FundedIMH, Inc.Syrus Global  FundedSyrus Global OurStage, Inc. FundedOurStage, Inc.Pursuit Vascular, Inc. FundedPursuit Vascular, Inc.Lucky Litter LLC FundedLucky Litter LLCAdvanced Diamond Technologies, Inc. FundedAdvanced Diamond Technologies, Inc.Power.com (Draper Fisher-DFJ, multiple angel groups within AngelSoft, and Esther Dyson are already investors) FundedPower.com (Draper Fisher-DFJ, multiple angel groups within AngelSoft, and Esther Dyson are already investors)10x Technology Funded10x TechnologyPhysician Software Systems FundedPhysician Software SystemsInovus Syndication FundedInovus SyndicationVasc-Alert LLC FundedVasc-Alert LLCHardcore Computer FundedHardcore ComputerEndotronix, Inc. FundedEndotronix, Inc.Intellihot Green Technologies Inc FundedIntellihot Green Technologies IncU Connect, Inc. FundedU Connect, Inc.

Deal Funnel - Last 12 Months

New100%
In Progress31%
Invested3%

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