FAQ
Q: Does our company have to be based in Arizona to apply?
Having headquarters in Arizona is not required, but it is considered in the selection process. ATIF invests in companies from anywhere in the world, but we have a preference for companies with strong ties to the state.
Q: What should my executive summary or business plan contain?
The Angelsoft application walks you through some of the key items we are looking for. As you prepare your documents, be aware that we receive over 40 submissions per event, so it is important to be succinct and clear. The most important items to include are:
- The business problem you are trying to solve
- The market you are trying to penetrate
- Why your technology is superior
- Who your management team is and why you will be successful
- The competition
- Your financial projections
- The terms of the investment
Q: How likely is it that I will get some funding from ATIF members?
The reality is that we don’t invest in every deal that is presented, even after companies go through the screening process and present to the group. Overall, we have made investments in about 35% of companies that have presented in the last two years.
Q: What’s the typical size of an investment?
It varies, of course. Individual members make their own decisions on what companies to invest in and how much to invest. Companies receiving investment from ATIF have received as little as $25K and as much as $650K.
Q: Does ATIF invest as a group? As a fund?
ATIF does not invest as a group. Each member makes their own decision to invest and the amount they are willing to invest. We do not have an investment fund at this time.
Q: What are the best events and groups that can help technology entrepreneurs in Phoenix?
Phoenix has many useful events and organizations that provide entrepreneurs with resources for learning, networking and inspiration. Here is a list of the best groups and events in Phoenix, compiled by an ATIF member.
