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Investment Process

 

Our deal screening and decision-making process generally takes between two weeks and 90 days and includes the following steps:


Application

  • Please start by reviewing our Investment Criteria
  • If you meet our criteria, follow the link to ProSeeder, our online deal management system, and follow the instructions to submit an application.
Initial Review
  • Your application will be reviewed by our Screening Committee and, if a positive consensus is reached, you will be invited to pitch your business opportunity at one of our monthly Screening Meetings in Pittsburgh. 
Screening Meeting
  • At the Screening Meeting, you will be given 20 uninterrupted minutes to present your business opportunities and 15 minutes for Q&A
  • The Screening Committee will vote following your presentation and may recommend you to present to the general Member Meetings in Pittsburgh and Erie
Member Meeting
  • If you are selected to pitch at the Member Meetings, you will be given 20 minutes uninterrupted to present your investment opportunity and 15 minutes for Q&A
  • Following your presentation, the investors will have a private discussion and may choose to proceed to due diligence.

Due Diligence

  • Prior to committing to any investments, BlueTree Allied Angels performs a detailed due diligence process lead by our Due Diligence Committee. 
  • Our process, based on NVCA best practices includes several phases including:
    • Review of all pertinent documents including financial statements, tax returns, articles of incorporation, customer contracts, cap tables and supplier contracts.
    • Meetings with the management team to ask questions and discuss the aforementioned documents.
    • Contacting references including customers, suppliers and former employers.
  • Our findings will be summarized in a due diligence report provided to each of our members.  Upon reviewing the report, members will have the choice whether or not to invest.

Term Sheets and Closing

  • If enough investors are interested following the due diligence phase, we will proceed to term sheet negotiation.
  • If a mutually agreeable term sheet is negotiated, we will then proceed to deal closing.  

Partners
B2BCFO, Denny Kennedy
Buchanan Ingersoll & Rooney PC
CIE @ CMU
Clark Hill
Duquesne University
Erie Technology Incubator
J.L.Nick Associates, Inc
KPMG
Mitsubishi Electric Power Products, Inc.
Penn State Behrend: Black School of Business
Pepper Hamilton LLP
Pittsburgh Life Sciences Greenhouse
Pittsburgh Tech Council
Reed Smith
TJ&S
Truefit
University of Pittsburgh
©2017 BlueTree Allied Angels