Title: Discover the Power of RAIN Angel Funds
1Discover the Power of RAIN Angel Funds
New York April, 2006
2RAIN Source Capital builds capacity for making
equity investments by forming and operating a
network of equity funds
RAIN funds local/regional angel funds 16.5 mi
llion RAIN Source Equity Fund (angel fund of
funds, side x side) 14 million multi-state grow
th later stage buyout fund (Invest Northwest)
RAIN maker conference and investor tools
Ruvelson RAIN maker Fellowship
3RAIN funds For-profit private investment
funds.
- Organized as for profit LLCs
- Formed and managed by investor members (angels)
institutions
- Function as mini-quasi Equity/VC funds
- Use thorough due diligence process
- Invest locally, regionally and beyond
4RAIN funds network RAIN Source Capital
provides support.
- Provides proprietary templates, worksheets and
legal documents
- Up to 100,000 capital investment
- Ongoing management support
- Access to deal flow
- Access to co-investors
- Thorough due diligence and monitoring process
5Assistance Provided at Three Stages
Formation
Capitalization
Operations
6RAIN Source Capital provides management support.
- Investment Process
- Screening
- Deal flow management
- Due diligence
- Pricing structuring of investments
- Closing monitoring
- Organizational
- Start up
- Membership communication
- Meeting organization
- Bookkeeping
7RAIN funds are a proven model 10 million
available with 20 million invested in 40
companies!
- Lakes Venture Group I and II, Alexandria, MN
- Prairie Capital, Worthington, MN
- North Star Fund, Grand Rapids, MN
- Central MN Growth Transition Fund, Willmar, MN
- River Valley Capital,
- Montevideo, MN
- St. Cloud Rain Fund, St. Cloud, MN
- Rock River Capital, Rock Rapids, IA
- Sofia Angel Fund, Minneapolis, MN
- Two Rivers
- Mankato, MN
- Two additional in Iowa
- One in North Dakota
- In process
- Mpls/St. Paul (2-3)-formation
- Montana, ND, SD-formation
- Target Idaho, Oregon, Washington, Western MI.
Other???
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8RAIN fund Investment Network
- Creating and growing successful companies
- Achieving competitive returns for investors
- Creating community wealth
- Providing interesting, fun and profitable
activity
9RAIN SourceSM Capital
- Steven Mercil
- 1600 University Ave. W.
- Suite 401
- St. Paul, MN 55104
- Ph. (651) 632-2140
- Website www.rainsourcecapital.com