Are you ready for an angel investment?
Entrepreneurs meet these tests of readiness:
– Product is in beta (versus alpha) stage of development and has been created with input from clients or potential clients.
– Company has some “proof of concept” revenue.
– Typical pre-money valuation below $5M.
– Typically seeking to raise $250K-$2M.
– Consumer product companies that have annual run rate revenue of over $1M and gross margins over 40%.
Upcoming Office Hours
NJEDA-Golden Seeds Partnership
Governor Phil Murphy’s comprehensive plan for building a stronger and fairer economy in New Jersey includes a goal of creating the most diverse innovation ecosystem in the nation and doubling venture capital in the state. Furthermore, the Governor’s plan calls for closing the racial and gender wage and employment gaps. One means of closing wage and employment gaps is to close the funding gap for female-led startups.
In support of this goal, the NJEDA has worked with First Lady Tammy Murphy to organize a New Jersey chapter of Golden Seeds to focus on New Jersey women-led businesses.
Golden Seeds is an angel investment firm dedicated to pursuing positive investment returns through the empowerment of women entrepreneurs. The group was founded in 2005 and is headquartered in NYC. Golden Seeds membership of about 300 members is dedicated to evaluating, funding and helping companies with at least one woman in an upper management role who has an equity position.
Through a partnership with Golden Seeds, the NJEDA is creating the opportunity to increase available capital for women-led businesses as well as mentoring women entrepreneurs with an anticipated outcome of supporting and growing New Jersey women-led businesses. This partnership creates an economy for women led businesses to thrive and closes the racial and gender wage and employment gaps.
With a Golden Seeds chapter in New Jersey, members will be able to work together to identify investment opportunities, conduct due diligence, monitor the companies’ progress and provide needed support. This contributes to creating a strong, cohesive and robust angel investing community that will contribute to the growth of women in the C-suite.
Women Investing in Women: Golden Seed’s Mission to Create a More Equitable NJ Innovation Economy
TRENTON, N.J. (March 18, 2021) – Thirteen months ago, Golden Seeds, a nationwide angel investor network dedicated to investing in women-led startups, launched a New Jersey chapter in partnership with First Lady Tammy Snyder Murphy and the New Jersey Economic Development Authority (NJEDA) to increase available capital for female-led businesses.Read More >
Woman-Owned ROAR Receives First Investment Driven by NJ Chapter of Golden Seeds
Led by First Lady Tammy Murphy, State’s Chapter of National Woman-Focused Investor Network Announces Major Milestone
Under the leadership of Oksana Sokolovsky, ROAR Augmented Reality has become the f…Read More >
TelePlus HealthCare Among Female-Owned Startups to Benefit from NJ Golden Seeds’ Inaugural Office Hours
TelePlus HealthCare Founder Dr. Suzanne Shugg among 14 female entrepreneurs to participate in the inaugural information session and office hours of the newly-launched New Jersey chapter of Golden Seed…Read More >