Do I fit the profile of an Angel Healthcare member?
Angel Healthcare members represent a variety of professions and perspectives, encompassing many sectors of the healthcare industry (i.e., biotechnology, healthcare services, and medical devices) and various functional roles (i.e., CEOs, venture capitalists, medical doctors, professors, scientists, and pharmacists) that combine to create a rich tapestry of experiences. Many members have achieved success across multiple roles and in different industry sectors.

Angel Healthcare members can be best characterized as:

• Being accredited investors (as defined by Regulation D of the Investment Company Act of 1940);
• Having a risk profile that tolerates high-risk investments;
• Valuing candor and business integrity;
• Sharing an interest in intellectual discourse and analytical thought;
• Enjoying professional success in an area of expertise; and
• Contributing to the Angel Healthcare community.

How do I become an Angel Healthcare member?
Word-of-mouth referrals make for a cohesive yet diverse community of investors. Most members are introduced to the group by a current member and typically attend a meeting to determine if there is mutual interest in formalizing membership. The Managing Members and Professional Staff consider each potential member in terms of fit with the group's culture and ability to contribute to the Angel Healthcare community.

What is expected of Angel Healthcare members?
Members are expected to contribute their personal experiences, expertise and networks to the Angel Healthcare community. Often members refer attractive investment opportunities and potential member candidates to the group.

In addition, members invest in companies that they find attractive. As a company is added to the Angel Healthcare portfolio, members frequently have the opportunity to support the company as a board member or advisor. Through this linkage, portfolio companies are able to leverage the resources that the group offers beyond its capital commitment.

Now that I'm a member, what next?
Members attend monthly meetings (10 per year) and usually hear presentations from two companies. Members discuss the presentation and, if a critical mass of interest exists, two or three members will volunteer to form a due diligence sub-committee. Working closely with the professional staff, the sub-committee will efficiently resolve any concerns voiced by the membership. The sub-committee shares its findings with the group and the opportunity is retired or pursued.

Angel Healthcare does not invest from a pooled fund. Rather, each member individually determines his or her interest level in a particular investment opportunity. Investment is voluntary and an individual investment typically ranges from $25,000 - $100,000 per opportunity. Each member is likely to make 2-3 investments per year.