Application Details
To apply for consideration, please submit an application via our profile on the Gust platform (send an email to fund @ soundboardangelfund.com with questions or concerns). Details of the ideal opportunity SBAF looks for are listed below.
Profile of Target Venture
What we look for in the Entrepreneur:
- Is open to coaching, collaboration, and change in their business and themselves
- Desires to be part of the initial founding beyond idea generation – showing a tolerance for risk and a passion for the business
- Understands competitive advantage
The basics of what we look for in the Business Idea:
- Can be leveraged
- Fills a defined need
- Has a level of market acceptance
- Has at least one potential revenue model
- Is within the Fund’s target industries
The majority of the opportunities will be located within 150 miles of metropolitan NYC but this is not a requisite to be accepted into the Fund.
The target market is two-fold:
- Start-up entrepreneurs who have begun creating a for-profit venture
- Mature companies that are in need of investment in order to grow but do not have the capital funds themselves (no target industry set)
List of target industries for Start-Ups:
- Food/Beverage: any retailer or wholesaler of specialty (niche) food products
- Education: training/certification and specialty schools (e.g., vocational, career education)
- Efficiency Technology: developing scalable technologies intended to make an individual’s life or a businesses’ process easier and more efficient
- Health Care Services: utilizing a new method to bring services to a broader audience; does not include pharma and biotech, not heavily research-based
- Consumer Products: depending on the product, we will invite an expert or industry insider to be part of the due diligence process
Unless partnering with a specialist, the Fund will shy away from high technology and biotech.