With an investor membership of 850 business angels, NCN offers one of the largest, most consistent pools of accredited investors in America. Steven Loyd, chairman and president of NCN, presents a seasoned view of the trials and tribulations of organizing a business angel capital network, and explains what NCN investors look for. NCN business angels invest heavily in products, technologies or services in markets with high growth potential. They look for companies with innovative product concepts or services facing dynamic market opportunities. A company's unique products or technologies should create barriers to competition and bring significant changes to the market in which it competes.
Most business angels require rewards commensurate with the risks they take.
They prefer companies led by management teams that honor commitment, competence and integrity, teams that can maintain a competitive edge in the chosen market. NCN business angels also often offer valuable business advice, management talent and contacts to help these start- up and growth business ventures succeed. NCN's board of directors are leaders in the business community, and they represent private-sector commitment to entreprenuership. The advisory board consists of individuals representing regional and national law firms, accounting firms, commercial and investment banks, venture capital funds, publicity and media firms, and other entities interested in start-up and emerging growth ventures. It is very straightforward.