Sierra Angels is a regional angel investor network based in Incline Village, Nevada, USA (serving Northern Nevada, nearby California, and the broader Western U.S.) composed of experienced accredited investors, executives, and founders who provide early-stage capital, mentorship, and strategic connections to startups. They are one of the longest-standing angel groups in the region (founded in 1997) with a track record of investing in technology and enterprise-oriented companies.

Pre-Seed / Seed: Core focus — early institutional rounds where angel capital helps founders achieve product/market traction and early revenue.
Early Institutional / Series A: Members may follow into later rounds alongside co-investors and VC partners as companies scale.

Typical Investment Size: Sierra Angels typically participates in early financing rounds with individual and group contributions that range from ~$100 K up to ~$500 K per company at the seed or early stages, often syndicating or co-investing with other angels and funds.
• Equity Taken: Sierra Angels does not have a fixed equity percentage it always takes — like most angel groups, equity stakes are negotiated on a deal-by-deal basis between founders and participating investors, with terms agreed during the investment process.
• Industry Norm (Guide for Founders): In typical seed/angel rounds, collective dilution across all angel and early institutional investors often falls in the *~10 %–25 % range of total company equity, with individual angel stakes usually in the single-digit to low-double-digit percentages depending on valuation and check size.
• Because Sierra Angels often participates in rounds where its contribution can make up ~25 % or more of the raise (especially at mid-six-figure round sizes), it may secure a meaningful minority position consistent with angel group norms.
Equity Structure: Investments are typically executed via priced preferred equity, SAFEs, or convertible instruments in line with early-stage angel practices; exact instruments vary by deal.

Submission Method: Founders can apply via the Sierra Angels website by submitting company information and pitch materials for consideration; the group selects finalists to pitch during regular investment cycle meetings (virtual and in-person).
Pitch & Cycle: Sierra Angels runs multiple investment cycles yearly where founders present to members, followed by due diligence and collaborative deal decisions. 

Sector Focus: Broad emphasis on capital-efficient technology and enterprise/B2B solutions, including software, IT, cybersecurity, health tech, energy, and related sectors.
Geography: Preference for U.S. companies, particularly those connected to the Western U.S. ecosystems (Nevada, California, etc.), though compelling opportunities nationally may be considered.
Stage: Pre-seed to seed and early institutional with early traction or demonstrable product viability. 
Company Profile: Startups with strong founding teams, scalable technology, early revenue or pilot customers, and clear paths to marke

Initial Intake: Founder submission is reviewed for fit with Sierra Angels’ thesis — capital efficiency, early revenue, enterprise focus.
 Pre-Screening: Light research selects quarter-finalists, then semi-finalists for short pitches.
 Member Pitch: Finalists present to the full membership during scheduled investor meetings.
 Due Diligence: Interested members conduct deeper diligence on team, product, and market.
 Term Negotiation & Close: Founders and participating members negotiate valuation, equity ownership, governance rights, and preferred terms before closing.

Strategic Capital: Early-stage funding in the $100 K–$500 K range, coordinated through individual members and syndicates. 
Mentorship & Network: Access to experienced executives, founders, and industry mentors who provide guidance, introductions, and strategic support. 
Co-Investor Access: Opportunities to connect with other angel groups and early-stage VCs through shared diligence and syndication partnerships.