Becoming a Member
Applicants must be accredited investors as defined by the SEC. The definition of an accredited investor is:
- An individual with a net worth or a joint net worth together with his or her spouse in excess of $1,000,000, excluding the value of the primary residence. (In calculating net worth, you may include equity in personal property, real estate [excluding primary residence], cash, short-term investments, stock and securities. Please note that the equity in personal property and real estate should be based on the fair market value of such property minus debt secured by such property.), or
- An individual that had income in excess of $200,000 in each of the prior two years and reasonably expects an individual income in excess of $200,000 in the current year.
- The preferred method of introduction to WIP is referral from another WIP member or associate and attending a general meeting as a “guest.”
- If interested in an invitation to our next meeting, Click Here
- Membership requires an initiation fee and variable ongoing membership fees.
- Attendance at the monthly screening and/or general meetings, lending your experience and informed opinions to the discussions.
- There are no minimum investment requirements. Members decide when and how much they wish to invest in any of the opportunities presented. Individual member investments average around $15,000, with as low as $2,000 to over $100,000. Investments are made via an LLC specific to each company, which facilitates record-keeping and tax preparations and other individual member needs such as estate planning.
- It is understood that Wisconsin Investment Partners ("WIP") is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal nor any other form of investment advisor or otherwise, and is not registered with the Securities and Exchange Commission or any state securities commission. Any investments made involving one or more WIP members are done so at the sole risk and responsibility of those making the investment decision and does not in any manner involve or relate to WIP. All members will indemnify WIP for any and all actions or proceedings relating in any manner to WIP being named a party in an action or proceeding involving an investment of any kind by a member or individuals comprising the member, or entities, representatives or agents of member or individuals comprising the member.
WIP typically holds two meetings per month:
- Screening meetings - The screening meetings are initial presentations made by the presenting company to co-managers and members who attend. After the screening meeting, a determination is made as to whether the company will present at a General meeting. Screening meetings are held on the 2nd Wednesday of the month.
- General meetings – The general meetings are presentations from companies who have been screened and are ready for a presentation to the general membership. There are six scheduled meetings each year and additional meetings are organized as investment opportunities arise.
One week prior to the meetings, members are sent an email advising of the agenda and location of the meetings.
Directions to Meetings
Locations differ for our two meeting types:
- Access to quality investment opportunities
- Opportunity to co-invest with other qualified angel investors and enhance the deal process
- Educational – learn the latest trends and technology and learn from experienced angel investors
- Discount on registration fees to Wisconsin Angel Network sponsored events
Download the Angel Capital Association's FAQ
Our experience is that members most interested in angel investing are sophisticated investors and familiar with the risks of early stage company equity investing. Most are interested in building a portfolio of such investments. Consequently, WIP recommends that members have a general idea of how much they wish to invest in their total angel portfolio, and use a discipline of allocating the total to an array of companies versus over-weighting in a specific company or sector.