Frequently Asked Questions
Not in the early stages of discussions. Information shared with the Group and its members should not be confidential. There is potential for an NDA to be executed down the line if this appears to be mutually beneficial.
Yes. At this time the company must be based in the United States. We anticipate also working with Canadian-based companies in the future, although no timetable has been set.
We are currently developing plans for these and will be pleased to keep you abreast of progress.
No. Many of OA’s portfolio companies need to conserve cash, so equity is used.
No. OA will work with companies as early as the business planning phase if it appears to be mutually beneficial.
For Other Angels and Investment Groups
There are several ways. One is when your group identifies a potential opportunity to invest in a B2B services company and would like to avail itself of OA’s expertise in the due diligence and analysis of the deal, as well as having one or more of OA’s members assist that company on an ongoing basis as an advisor, board member or in an interim management role. Another way would be for your group to let OA know that you are interested in being considered to help fund services deals originated by OA or by other investment groups.
For Potential Members
Yes. The federal securities laws define the term accredited investor in Rule 501 of Regulation D, with applicable rules including:
- 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; or
- 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.
No. All investment decisions are strictly at the discretion of the individual member. A member may invest only his or her time and expertise for the benefit of the group and companies that they may select to work with.
Yes. The Group’s value to entrepreneurs and other investment groups is predicated on members having superior executive experience and skills in these services specialties.
In addition to being available as advisors and interim executives, the services business relationships of OA’s members are vast and powerful, facilitating alliances and partnerships and breakthrough access for major sales.
The Angel Capital Association answers the question in the document below.
Yes. We will accommodate industry organizations, educational and government requests when possible.
Over the past twenty years many of OA’s leadership team have been at the forefront of the adoption and growth of outsourcing and other B2B services in North America. Barry Wiegler, OA’s founder began the Sourcing Interests Group (SIG) in 1991 along with DuWayne Peterson, also a founding member of OA. In the intervening years, under Wiegler’s leadership, SIG provided thought leadership and relationship development services that benefitted most of the major service providers, F1000 customers and industry advisors involved in outsourcing and B2B services. Other founding members of OA served in a variety of services industry executive and advisory roles during that time and have now come together to foster new ideas and businesses in the industry. The Outsourcing Angels is a division of The Wiegler Group, LLC.
The Outsourcing Angels is a division of The Wiegler Group, LLC.