Entrepreneur Information
We accept qualified applications through the Clockwork Universe
- The startup’s founder, major investor or board member is a UVA Alumnus or has another strong UVA affiliation (UVA IP used, Student, Faculty, etc.)
- In a growing, high-tech industry, targeted by CAV Angels
- Strong management team
- Seeking a Seed or Series A round
- Has a completed product or advanced prototype with demonstrable market traction and growing customer base
SCREENING PROCESS
CAV Angels will generally follow the process as outlined below. Although our process is online, our staff and partners will be available for personalized guidance in every phase. Also, please keep in mind that the speed of due diligence is difficult to estimate, and will generally involve inquiries to third parties and other processes beyond our control.
1. INITIAL SCREENING
After basic company information is uploaded to Clockwork Universe, CAV Angels will make an initial review on whether the company meets the basic funding qualifications.*
2. DUE DILIGENCE
• Online video presentation by company
• “Deep Dive” due diligence collection and research
• Review and vote by Due Diligence/Investment committees*
• Phone interview with startup CEO/Management
3. MEMBER VOTE
• Online presentations and live/interactive Q&A with startup company leaders
• Membership vote to continue due diligence, decline or invest; a minimum vote/investment threshold must be met to continue to funding phase*
• Final negotiations on term sheet and deal documents
• Funding raise from membership
*Please note that within each phase, the committee may vote to continue gathering more information, progress to next round, or to table/decline the application. Applicants that are declined may request a debrief and reapply if applicable.