EVVangelist. LLC was founded and is operated by Drew Peyronnin who has more than a decade of experience making Angel investments in Indiana innovation based startups. EVVangelist, LLC operates EVVangelist – The Evansville Regional Angel Investor List (EVVangelist).  EVVangelist emerged from his belief that the future of our region depends on a vibrant startup ecosystem and his experience that access to capital is critical to the health of this ecosystem. He currently serves in the role of Entrepreneur in Residence for the Purdue Foundry@Westgate.

Many other organizations in the region play roles, formally and informally, in supporting the goals of EVVangelist.

EVVangelist charges a calendar year membership fee pro-rated for the months remaining in the year you join. The membership fee for joining any time through June 2019 is set at $60. The membership fee for those joining after June will be pro-rated at $10 per full month remaining in 2019. The membership fee is anticipated to be $120 for 2020. The membership fee is subject to change at any time. Membership fee is due at the time you join, then before January 10th of following years. 

Membership in the Purdue Angel Network – EVVangelist is the prototype chapter of the Purdue Angel Network. A goal of the Purdue Angel Network is to establish chapters across Indiana and in innovation hubs with concentrations of Purdue alumni across the nation and the world.

Membership in the Angel Capital Association – The ACA provides the richest source of educational content and events for Angel Investors. As a member of  EVVangelist, you become a member of the ACA with access to their member content at no additional charge.

Invitation to participate in our facilitated events. – We believe a solid education about the Angel capital ecosystem is critical to being a good Angel investor. Periodically we offer opportunities to come together as a group to participate in ACA webinars. 

Invitation to attend our pitch events –  EVVangelist works with founders to help them prepare to pitch for investment and to guide them toward reasonable expectations on terms and valuations. When we believe a founder is prepared to raise capital, we will schedule a pitch event to bring them in front of EVVangelist members. EVVangelist will never offer an opinion regarding the prospects for success of a company invited to pitch and an invitation to pitch should not be regarded as any kind of endorsement of a company.

Alerts about startups in our region – EVVangelist members will know about the pipeline of innovation based startups engaged in the USI Eagle Innovation Accelerator and the Purdue Foundry@WestGate programs, along with other regional startups with whom we are working.

Access to the Purdue Angel Network Deal Flow – Purdue is one of the world’s leading university commercialization hubs spinning out dozens of companies each year. EVVangelist members will have access to the investment deal flow generated by the Purdue Angel Network including those coming directly from Purdue and curated companies nominate by network chapters.

Quite simply, EVVangelist will not host personal details about you online. For membership we will require your name and contact information but will never share, without your consent,  that information with founders. If and how you make contact with founders will be your decision.

You will attest to meeting the requirements for an Accredited Investor and agree to adhere to the rules governing the group. You may discontinue your membership at any time with a refund of the pro-rata of membership fee for full months remaining in the year.  Click here for Membership Agreement

EVVangelist will not host due diligence data or maintain a platform for sharing data.

No.

EVVangelist only serves to facilitate your connection with founders. Through educational opportunities and content we make available to both investors and founders, we hope interactions begin from similar perspectives. If you choose to invest, it will be as an individual, under terms agreed upon with the company in which you invest.

That can be a bit of a tough question to answer. The size depends on many factors including the stage of development of the company. For both regulatory and operational reasons, it is usually in a company’s interest to have a fairly small number of investors. It is also preferable for the company to attract investment from strategic investors who bring something more than money. In Indiana, Seed and Angel funding usually raises between $50,000 and $2,500,000. Individuals typically are expected to invest at least minimum of  $10,000 and in some cases $50,000 or more.

Angel investing happens at the early stages of a company’s development. A liquidity event returning the investment to Angels can be years and even a decade or more. Always be mindful of the level of risk in early companies and that many are never able to return any portion of an Angel’s investment

Indiana, through an application process, offers a venture tax credit to investors in qualified startup businesses. The credit is equal to 20% of the qualified investment and can be used to directly offset an investor’s state tax liabilities.

The US internal revenue code does have provisions to treat investment gains in startup companies in a more favorable way. These rules are complex and should be reviewed with a tax professional. Remember, most liquidity events are years down the road and tax laws  change frequently.