SUBMIT A PLAN

The general process we use for reviewing business plans is as follows:

The company sends a business plan in electronic form to plans@auroraangels.
One of our members will perform a pre-screening to determine if the business is in the area in which we invest. (see "Investment Criteria" portion of the web) If there are major "holes" in the plan, the pre-screener will contact the submitter for supplements to the plan. In exceptional cases, we may assist the submitter in further developing the plan;
After the pre-screener has determined the plan is complete, the plan will be forwarded to a screener to confirm that basic investment criteria are met by the plan. Within 2 weeks of this step, we will notify the submitter whether we will proceed further;
Should the plan pass screening, an evaluator will be assigned to be the primary contact with the submitter, and that evaluator will coordinate IdealFlow's interaction with the submitter for further information, demonstrations, etc;
Within 1 month of the last interaction with the evaluator, we will notify the submitter of the next step; and
For a successful submission, our managing director and his delegates will contact the company to negotiate the terms of the investment in an expedited manner. Since we would have come to this stage by having substantial interaction and mutual understanding, this stage should be shorter and less stressful than average.

As a policy, we maintain the confidentiality of the materials received, however, due to the large number of business plans we review each year (which are often quite similar), we cannot enter into non-disclosure agreements. We do not expect a business plan to detail any software source code, hardware design or other material that should be considered confidential. In special circumstances, if an evaluator requests to see such materials we may consider executing a non-disclosure agreement limited to those materials.