BECOME A THUNDERBIRD ANGEL
You may qualify to become an Angel if:
- You are an accredited investor
- 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
We invite accredited investors who are interested in becoming members to attend 1-2 investor dinner meetings before joining our group. Please contact us and we will add you to our mailing list for important TAN updates.
Click here to visit our Gust.com page. To join the Thunderbird Angel Network, click on the “Ask to Join as an Investor” button at the bottom of our page.
Important Membership Information
Accredited Investors Only
Important requirement: to attend our meetings and participate in the Thunderbird Angel Network, you must be an Accredited Investor as defined by federal and state law. This is a set of alternative income and net worth tests. For further details on who is an Accredited Investor, please see the definition and options listed below.
DEFINITION OF ACCREDITED INVESTORS
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:
- 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.