1

Application

Submit your Executive Summary and Pitch deck to us.

2

Pre-selection

During this stage, our pre-selection committee will carry out a general pre-analysis (outline) of the Executive Summary. This analysis makes it possible to check whether the project satisfied our investment criteria (geographical location, sector of business, amounts needed, growth potential , valuation, etc. ).

3

Screening

During this stage, our pre-selection committee will carry out a general pre-analysis (outline) of the Executive Summary. This analysis makes it possible to check whether the project satisfied our investment criteria (geographical location, sector of business, amounts needed, growth potential , valuation, etc. ).

4

Investment Meeting

At our monthly investment meeting, 3 or 4 startups, approved by the screening committee, will be invited to pitch to our full members, each of them will be allotted 10 minutes to pitch, followed by 15 minutes of Q&A. After your pitch, our members will discuss your investment opportunities. If there are members interested, a Due Diligence Lead and Due Diligence Analyst will be allotted. Note: Administrative Fee required for attendee

5

Due Diligence

In this phase, a DD Analyst will contact you to arrange whole process, in-depth information will be required, for example business plan, legal docs, financial statements, team background, IP, interview with key members and stakeholders, etc. A DD report will be presented to our interested members. Note: Administrative Fee required

6

Term Sheet negotiation

Once DD process completed, we will work with you on finalizing the term sheet for presentation to our investors. That term sheet will define the structure of the proposed investment deal, including valuation, the type of investment, investor rights, board of directors’ representation, and other terms. The term sheet will be signed by the members satisfied with the terms and language contained in the term sheet.

7

Closing

During the closing, subject to satisfying closing conditions, all parties will execute full transaction documentation reflecting the agreed-upon terms, including to the extent applicable simple agreement for future equity (SAFE), convertible note, share purchase agreement or shareholders’ agreement as well as associated closing documents. The investment will be finalized and closed simultaneously with the funds being transferred at the same time.

8

Follow up

After investment, frequently updated reports are required by us, quarterly/yearly, including latest key financial data, financing plan, marketing/sales achievements, business updating, any exit opportunity, and etc.

9

Exit

This is the exit of Angels from the capital of the company. The exit may occur in the event of the company being taken over by another (industrial exit), by listed in the Stock Exchange, by the management buy out, by secondary sale in subsequent financing… Note: The Network DOES NOT make any exit decision, which is made by individual investors only.