LP Criteria

Georgetown Angels Technology Fund I was designed for accredited angel investors and family offices. Investors:

  • Must be an accredited investor according to SEC regulations (see below for more information)
  • Do NOT have to be alumnus of Georgetown.
  • May take an active role in providing advice, mentorship and strategic introductions to our portfolio companies and investors.
  • In some cases may join the board of directors, board of advisors or directly advise our portfolio companies.
  • May be completely passive and GA provides periodic reporting on portfolio.
  • Network with entrepreneurs and angel investors alike.
  • May have industry expertise and a broad network of strategic contacts to leverage for evaluating and assisting our portfolio companies.
  • May recommend investment opportunities to the executive team for review.
  • Minimum investment is $50,000.

Accredited investors

Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as “accredited investors.”

The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:

  • A bank, insurance company, registered investment company, business development company, or small business investment company;
  • An employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
  • A charitable organization, corporation, or partnership with assets exceeding $5 million;
  • A director, executive officer, or general partner of the company selling the securities;
  • A business in which all the equity owners are accredited investors;
  • A natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
  • A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
  • A trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.