Thanks to partners like USF, UCF, and the High Tech Corridor Council, NEXUS members have invested over $16M into 59 Florida companies and over $26M including co-investment partners.
NEXUS has launched chapters in Orlando, Tallahassee, Ocala, Palm Beach, and supports a virtual network for dispersed investors. Seeds are planted to launch Tampa, St. Pete, Melbourne, Miami, a university alumni chapter and a statewide chapter for female investors.
In order for us to launch a chapter, we seek at least 3 individuals and one entity (fund, family office, corporation) willing to: join annual membership ($950 per individual or $3,000 per entity – donation to a nonprofit), invest $50K + in the first year, and recruit their peers to join the group.
Early-stage companies should apply at floridaangelnexus. com. NEXUS receives 10+ applications for funding per week via our online portal and hosts a weekly webinar on Wednesday mornings that showcases two Florida companies. Research shows the importance of adequate deal flow, building a portfolio of over 10 companies, and pooling due diligence from investors with diverse expertise.
The Board of Investors for each chapter has control over how their chapter operates. As NEXUS launched, significant research was conducted interviewing investors on the barriers to building a portfolio of Florida ventures and interviewed investors outside the state to learn best practices to reduce risk and drive returns.
NEXUS built platforms and workflows to enable investors to use their time efficiently and effectively, allowing them to focus their time on creating value for their portfolio and community.
The chapter’s Board of Investors can decide:
• How often, when, and where they meet
• Which companies come to present at live events (the centralized NEXUS team provides a list of the companies that have risen to the top)
• Who is invited to join the chapter
“Becoming a NEXUS member has been a game-changer for me and my portfolio. NEXUS connects me with Florida’s best and brightest entrepreneurs and investors and showcases the top early-stage companies in the state. It also provides a platform to educate communities on the merits of angel investing. It’s a fantastic organization.” – Matt Johnson, Johnson Magrath & Partners
Angels and the Entrepreneurial Ecosystem
The secret is out and an increasing number of accredited investors are now allocating a portion of their wealth to build portfolios of growth-oriented ventures. Florida’s strong network of research universities and institutes along with our state’s history with aerospace, defense, and advanced manufacturing makes our region a hotbed for tech investment opportunities. The activity of investor communities and investment funds is on the rise, providing direct and passive opportunities.
Startups and the American Economy
• Volume: Angels invest around $25B into 70,000 companies each year
• Returns: Research shows 20-25% portfolio returns plus creating next-generation jobs/companies
• Prolific: Angel investors support up to 90% of outside equity raised by startups
• Jobs: Over a 25-year period, firms younger than five years accounted for all of the net new jobs in the U.S.
• Avg. Wage: Technology workers earn 30-50% more than the median wage in major SMSAs
• Economic growth: Research shows that the largest growth comes from high-growth, innovative ventures (the kind angels fund)
Entrepreneurs Count on Angels
• Capital to bridge the funding gap to institutional capital
• Business mentoring, monitoring and guidance
• Critical connections for customers, strategic partners, additional funders, and acquirers
• Connecting business growth and exit wisdom, subject matter expertise, and innovative ventures
• Home to 135 colleges – 78 public and 56 private
• 12 member state system produces > 10,000 STEM grads
• Powerful research institutions with billions of dollars of intellectual property ripe for commercialization
Science and Technology
• 1st in computer training employment
• 2nd in space and defense manufacturing employment
• 3rd overall in engineering services employment
• Established mid-sized businesses serve as management talent pool and potential strategic alliances
• Incubator, co-working space, and entrepreneur centers
• Public funding boosts early stage returns within FL
Phone: (386) 530-3714 | @FLAngelNexus