Join Us

Joining Plains Angels entails the following steps:

  1. Review SEC-governed investor accreditation requirements below
  2. Review membership guidelines below
  3. Download, sign and return accredited investor accreditation statement to Tej Dhawan
  4. Receive approval to join
  5. Submit membership dues ($149 annually) online; invoiced upon approval

Membership Requirements

INVESTOR ACCREDITATION GUIDELINES

Regulation requires that at each member attest to at least one of the following categories:

  • Individual income exceeding $200,000 in the two most recent years or a joint income with spouse exceeding $300,000 in the two most recent years and have a reasonable expectation of reaching the same income level in the current year. “Income” means adjusted gross income reported for federal income tax purposes.
  • Individual net worth either individually or with my spouse exceeding $1,000,000 (with exclusions for primary residence listed in declaration document.).
  • Represent a partnership, limited liability company or corporation with total assets exceeding $5,000,000 which was not formed for the specific purpose of investing in any particular company.
  • Represent a partnership, limited liability company or corporation where all of its equity owners are accredited investors. 

PLAINS ANGELS MEMBERSHIP GUIDELINES

  • Plains Angels is a private organization of accredited investors organized for the purpose of investing in early-stage companies and which includes one or more members who have previously invested under an SEC Rule 506 exemption.
  • Membership in Plains Angels is subject to approval by current members and governed by the organization’s managing director
  • Each applicant certifies, at least on an annual basis, that they are an accredited investor.
  • Plains Angels makes no recommendation in regard to any individual member’s investment in any offering under consideration.
  • Neither Plains Angels, nor any of its members receives any transaction-based compensation in connection with any of the offerings considered by Plains Angels.
  • Plains Angels is a member of the Angel Capital Association (the “ACA”) and has established investment processes which are consistent with those recommended by the ACA for member groups.
  • Plains Angels’ members have agreed to adhere to a code of conduct set forth by the ACA