- You are an accredited investor (see definition of accredited investor below)
- You are interested in investing in promising, early stage, privately owned companies whose business models and future prospects excite you
- You are interested in both domestic and international deals from a variety of industries
- You would like to be part of a network of Thunderbird alumni and friends who are interested in angel investing
What is the Thunderbird Angel Network?
The Thunderbird Angel Network is an organized group of accredited investors who seek opportunities to invest in early stage or start-up companies. The organization serves only as a forum for its members, who invest individually from their personal funds. We expect our members to invest a minimum of $25,000 over the course of a two year period.
Interested in becoming an investor with the Thunderbird Angel Network?
We invite accredited investors who are interested in becoming members of the Thunderbird Angel Network to attend 1-2 investor dinner meetings before deciding to joining our group. Please visit the Meetings page to register for our next investor meeting. Please contact us and we will add you to our mailing list for important TAN updates.
If you have attended a TAN investor dinner meeting and are ready to become a TAN member, please click on the ‘become a member’ link below. This is a link to our Gust investor application. Please completely fill out all the required sections of the Gust application. There is an annual membership fee for Thunderbird Angel Network. You can find more information about our membership fee by downloading our investor factsheet.
Once we have reviewed your application and you have been accepted and paid as a member, we will send you an email invitation to become a member of our Gust group which means you will have access to the TAN deals and will have increased participation in the selection of the presenting companies. Included in your annual membership dues is the cost of registration for TAN investor dinners, which include the Angel Education Forums.
Please note: only accredited investors will be accepted to be members of TAN. (see definition of accredited investors below)
To download our complete investor fact sheet, click here.
Click here to apply to become a TAN member.
Definition of Accredited Investors
In order to become a member of the Thunderbird Angel Network, you must be an accredited investor as defined by the SEC.
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:
For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
- 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; *as it relates to natural persons, the $1,000,000 net worth standard is to be calculated excluding the value of the primary residence of the natural person. If the value of the primary residence is currently less than the amount owed on the residence, that negative value must be subtracted from the net worth.
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.