ORGANIZATION

The NBA has been organized to operate as a voluntary and non-profit group for its "Angel Investor" members. We provide a forum for members to meet entrepreneurs seeking help for their companies. The NBA will not provide investment advice, recommendations or guidance to its investor/members with respect to the company/entrepreneurs. Once a company has presented its business plan at a meeting, the members who have an interest in exploring investment and mentoring opportunities with that company will do so individually and privately with the company.

BUSINESS MEETINGS
NBA arranges business dinners for its membership approximately every two months at a local conference center. The members pay $75 per person to cover the cost of the dinner. The meeting includes a cocktail hour for networking, a local winery & their wines, dinner, presentation of two companies and an after-dinner period to meet the management of the presenting companies.

North Bay early stage companies present their plans to achieve meaningful business milestones with a capital infusion of $250,000 to $1,000,000. The fact that these companies are in their early stages implies that these investments involve great risk. Priority is given to opportunities that are related to telecommunications, software, internet, optics, and medical devices/services because these are areas already established in the North Bay. In addition, other potentially attractive investment opportunities such as real estate development, manufacturing, retail and food/wine projects are considered. In many cases the presenting company already has other funding sources, and the interested NBA members would provide only a part of the company's requirements.

PRESENTING COMPANIES
The Program Committee of the NBA screens companies seeking investment before presentation to the membership. Participation on committees is voluntary and without compensation. However, where appropriate, paid consultants (which can include a member) could be retained to enhance the presentation and quality of information of a presenting company. Presenting companies are asked to follow a format that covers key issues required for making an investment decision. The committee determines a company's suitability for presentation based on the interest of the members and the completeness of the company's proposed presentation. Selection does not imply an endorsement of the company, its presentation or the offered investments. Interested members need to conduct their own due diligence.