Description
SLC Angels is an accredited angel investor network based in Salt Lake City, Utah, USA that brings together experienced individual investors to fund and support early-stage, high-growth startups — especially those in software, tech, consumer products, medical devices, and related sectors.
Pre-Seed / Seed: Primary focus — SLC Angels invests in early-stage startups where angel capital and mentorship can accelerate growth.
Follow-On: Individual members may participate in follow-on rounds as founders scale and engage later institutional investors.
Typical Investment Size: Members of SLC Angels typically write checks in the ~$25K–$300K range, with some individual investments historically as low as ~$25K and others up to ~$1.2M depending on syndication and co-investment with other networks; the group collaborates on deals that may aggregate to hundreds of thousands to over a million in total participation.
Equity Taken:
- SLC Angels does not publish a fixed equity percentage it always takes — equity is negotiated deal-by-deal with founders and co-investors based on valuation, round size, and investor mix.
- In typical angel/seed rounds, collective dilution to all participating angels often ranges ~10%–25% of total company equity, with individual investors and syndicates owning minority stakes proportional to their capital contribution.
- Individual members’ stakes usually fall in the single-digit to low-double-digit range (e.g., ~1%–10% each) depending on how much they invest and the company’s valuation (industry norm for angel investing).
Equity Structure: SLC Angels typically invests via priced preferred equity, SAFEs, or convertible instruments common in early rounds; governance rights (board or observer) are negotiated per investment as warranted.
Application / Submission Method
Submission Method: Founders can apply directly via the SLC Angels website or reach out through introductions; pitch materials and company summaries are reviewed before selection for member discussions.
Screenings & Meetings: The group meets regularly for screening and investor dinners where selected startups present and interested members evaluate potential investment opportunities.
Eligibility
Sector Focus: Broad but tech-centric — software, high tech, mobile, medical devices, and other high-growth industries.
Geography: Primarily U.S. and Intermountain West (Utah)-centric companies, with compelling opportunities from outside the region considered by members.
Stage: Pre-seed and seed with clear growth potential.
Company Profile: Startups with strong teams, scalable products/services, and demonstrable early progress.
Process
Initial Intake: Founders submit pitch deck, team bios, and market data.
Screening: The network reviews fit and potential.
Member Pitch: Shortlisted companies present to the angel group.
Due Diligence: Interested members conduct deeper diligence.
Term Negotiation & Close: Equity, valuation, and deal terms negotiated with founders and participating members.
What an Applicant can Obtain
Strategic Capital: Early funding from a network of accredited investor members (typically aggregated into meaningful seed deals).
Mentorship & Network: Access to experienced founders, executives, and investor advisors who help with growth planning, introductions, and oversight.
Follow-On Support: Potential to syndicate into later rounds alongside co-investors as startups scale.
