Apply to the WAC
Submitting a plan to the Willamette Angels Conference gives your startup company the opportunity for exposure to investors, fundraising experience, and of course, the chance for an investment. All applicants will receive a free 90-day subscription to LivePlan, the industry’s Best-Selling Business Plan Software by Palo Alto Software.
Applications for the 2017 WAC are now closed. Join us in Corvallis on May 11th for the conference!
Applications close in:
How to apply
Willamette Angels Conference uses Gust to manage business plan submissions. To submit your company application to the WAC follow the instructions below. All steps must be completed:
1. Sign up for a Gust account.
2. Submit your application.
(All materials submitted can be edited any time before and after the application. However, it is best to provide as much information as possible by the application deadline. WAC 2016 LLC members begin reviewing submissions immediately after the application deadline.)
3. Pay your application fee.
(Includes admission to the Conference on Thursday, May 12th and the post-conference reception).
4. Sign up for your free 90-day LivePlan account.
5. Attend a free pitch clinic on March 10 from 5:00-7:00 p.m. at the OSU Advantage Accelerator. Accepted applicants will be contacted with additional details.
(Caroline Cummings is a serial entrepreneur who has raised close to $1M in angel capital for her 2 tech startups. She’s currently an angel investor and the Venture Catalyst for RAIN (Regional Accelerator & Innovation network). Caroline will share her pitch secrets, techniques, and tools for how to impress investors and raise funds.Clinic is free to startups who apply to the WAC, includes beer and pizza. ).
What to expect
After the application deadline has passed, WAC 2016 LLC members will review all applicant companies. Approximately ten semi-finalists will be chosen from the pool of applicants. The due diligence process begins with the semi-finalists who will be asked to present to the assembled LLC members. About two weeks later five to six finalists will be selected. These finalist companies will continue the due diligence process with investors and present at the Conference where the winner of the estimated $250,000 – $300,000 Growth Stage investment will be announced.
Companies who do not advance as a Growth Stage finalist that are from the Mid and Southern Willamette Valley will be eligible to participate in the Launch Stage Round for the chance to win a $2,500 prize package sponsored by Palo Alto Software. The Launch Stage Round will be based on LivePlan pitches.
The Growth Stage Winner receives an investment in the form of a convertible note, although other arrangements are possible. Finalists should expect to negotiate basic terms with the 2016 Managing Member prior to the conference. The 2016 Term Sheet summarizes the principal terms of the proposed financing for the company selected as the winner at the 2016 Willamette Angels Conference. All companies should review the WAC 2016 Term Sheet.
Applicants to the Willamette Angel Conference may also be considered for loans ranging from $25,000 — $250,000 through Business Oregon’s Small Business Expansion Program.
WAC 2017 Timeline:
- January 11 – Company applications open
- February 13 – Early-bird applications end
- February 26 – Company applications close
- March 1 – Investor due diligence begins
- March 10 – Pitch Clinic
- March 31 – Semi-finalists announced
- April 3 – 14 – Semi-finalists pitch to investors
- April 27 – Finalists announced
- May 11 – Investment winner(s) announced