If you are an Accredited Investor** with significant experience in the services industries, participation in the Outsourcing Angels may be rewarding for you, both financially and through the excitement and satisfaction of helping bring new companies to profitability. OA’s members team to assess an early-stage company’s potential; to strategize on the best ways to assist the company, and to perform due diligence and structure investment terms. Each individual member determines for themself whether to invest time and/or money in the company. Business support services for the new company may be provided through several OA members, who like the company’s potential, forming a support team.
To be considered for OA membership, please complete and submit the Membership Form. OA is supported through an annual membership fee of $1,500 plus a small percentage of revenues from services provided to portfolio companies by members.
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws include the following when defining the term Accredited Investor in Rule 501 of Regulation D as:
- 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;
- 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.