Submitting your startup for investment consideration

VentureUs is dedicated to investments in seed and early-stage companies. We focus on the Pacific Northwest (Washington, Oregon, Idaho, Alaska and British Columbia), and consider all industries.

Investments are driven by a unique collaborative and interactive platform of member-advised decisions. VentureUs predecessors’ Seattle Angel Fund and SeaChange gained a well-deserved reputation for excellent deal analysis through a managed, investor-participatory process to capitalize on the expertise of their member investors. VentureUs has taken this successful model to the next level. In VentureUs, a subset of the investor members form the Investment Board which screens, analyzes, and ultimately decides on investments. Any member may actively participate in diligence, though the final investment vote remains with the Investment Board. Consistent with its predecessors, VentureUs has full-time management to ensure consistency in process and robust investor-company communications. Our goal is to create an efficient, transparent, and positive experience for founders regardless of outcome. This is a process we continue to evolve and improve and appreciate any feedback.

In addition to investments from the annual , VentureUs also offers members “sidecar” opportunities. These individual member decisions allow our investors to increase their personal stakes in deals they especially like, and increasing overall VentureUs investment dollars going to founders.

VentureUs seeks many of the same criteria as other angel groups, with an appreciation for “what is possible” in seed and early-stage companies. Typically, we look for:

• venture-scale return potential
• sizable, accessible market
• product-market fit which provides a better solution to a known pain point
• solid initial team with a plan for thoughtful growth
• strong competitive differentiation
• reasonable and realistic financial needs and goals

We also look for companies in which we can add value becoming a partner in your growth-to-success process. With 40+ investor-members, we frequently have expertise, connections, and resources available to our investments.

To kick off this process, we will need some basic information about your start-up for us to screen
which includes a minimum of:

• Company Name
• Location
• Stage: Idea, MVP/Seed, Product-market fit, Scaling
• Problem/Solution
• Pitch Deck
• Current Round Info: Capital Sought / Deal Terms

Please submit your company to us using this Dealum link.

The stages of your interaction with us will incrementally require additional time/information as we move in a positive direction. Each step here ends with a decision from our team whether or not to progress forward. It is our goal to respect the time of our founders and to give them value out of their interactions with us, regardless of investment decision.

Step	What we Need	Logistics	VentureUs Team
Application Submission	Dealum Account with Basic Info	On Dealum	Reviewed every Wednesday any applications submitted by noon Monday
Screening Discussion with Investment Board	Prepare to discuss any significant updates, communicated discussion topics and any other questions we may have	– 20 minute time slot on Wed mornings (Zoom)	~20 minute time slot | Wed mornings | Zoom
Diligence	Deal room	– 90 minute kickoff – Tech diligence call – Customer call – Follow-ups as needed (Zoom + 1 in-person)	~4 member Diligence team
Pitch to Membership	Updated pitch deck a few days before the meeting	~Timing will line up with our membership meetings and may occur before or during diligence~ 8 minute pitch | 12 minute Q&A (In-person)	Up to 40 LPs

Investment decisions will come once the diligence team has presented a recommendation to the investment board, and once deal terms are agreed upon we will poll membership for interest in a sidecar additional investment.

At each step in the process, we will be looking to dig a little deeper into the fundamentals of
your company. Once we decide to move into diligence, we will be looking for a standard set of
documentation in your deal room for our analysis that typically includes the following:

We are including this list now, just to set expectations for what a standard list of data we would
be looking for in a deal room once we kick off diligence.

This entire process may be as quick as a few weeks, or can go longer depending on founder
readiness for diligence, availability and other general timing considerations. Our goal is to make
efficient use of your time and have a smooth and timely cadence.

We hope that this communication has clearly set your understanding and expectations, and we
look forward to working with you.

Cheers,
VentureUs Managing Partners: Jenn Wrenn Henry, Jonathan Kagle and Keith Laepple