The standard
for sitting at
this table.
Membership in the Exited. Angel Club is invitation only. The bar is high on purpose — every check carries an operator behind it.
Non-negotiable
by design.
Operator Provenance.
You have personally founded, owned, or operated an SMB and completed an operational, partial, or full exit. Sweat-equity counts. Pure financial sponsors do not.
Accreditation.
U.S. accredited investor under SEC Rule 501 or Canadian eligible investor status. Verified by third-party letter or attestation prior to first allocation.
Capital Floor.
Tier II minimum allocation of $50,000 per deal. Founding Partners commit a $250,000 fund LP slot. No paper checks. No promises.
Time on the Table.
Members are expected to read at least one memo per month and lead one memo per year. Lurkers do not renew.
Confidentiality.
Memos, IC notes, and founder data rooms are member-eyes-only. A signed mutual NDA covers the entirety of your tenure plus 24 months.
Conflicts & Recusal.
Officer, board, or material vendor relationships trigger automatic recusal. All recusals are logged in the deal memo and visible to the IC.
How we behave
in the room.
- 01Treat every founder as if they were you ten years ago.
- 02No back-channel diligence — ask in the memo thread or not at all.
- 03Disclose carry, side letters, and prior relationships before you sign.
- 04Show up to the quarterly meet. Contribute or rotate out.
- 05Lose with grace. Win without spiking the ball.
Application to
invitation in 14 days.
- Day 0
Application.
You submit this form. We confirm receipt within one business day.
- Day 3
Reference call.
A 30-minute call with two existing members. No deck required — bring your story.
- Day 7
IC review.
The investment committee reviews your file in the next standing session.
- Day 14
Decision.
Invitation, waitlist, or pass. We tell you why either way — within 14 days, without exception.
Apply for a seat.
Twelve fields. Eight minutes. Reviewed by a member, not a bot.