To join MAA, you must be an accredited investor, as defined by Rule 501 of SEC Regulation D. An accredited investor is defined as "any natural person whose individual net worth, or joint net worth with that person's spouse, at the time of their purchase exceeds $1,000,000, excluding the value of his or her primary residence." or "any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and who reasonably expects to reach the same income level in the current year."
Do you affirm that you are an accredited investor, as defined by Rule 501 of SEC regulation D?
Please note that this marks the beginning of the official application for membership in the Mid-America Angels investment network.
As a valued member, you may choose to complete your application and submit a payment online, complete your application online and mail a $1500 check, or request a hard copy of the application, which may be printed, completed, and mailed with a $1500 check.
To Qualify For Membership, I Agree That:
I am an accredited investor as defined under Rule 501 of the SEC regulations, which defines the same as: “Any natural person whose individual net worth or joint net worth with his or her spouse exceeds $1,000,000, excluding the value of his or her primary residence;” OR “Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.”
I have such knowledge and experience in financial and business matters to be capable of evaluating the relative merits and risks of any investment.
I agree to abide by the terms and rules of MAA’s Membership Agreement and Code of Conduct.
I understand that MAA is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal, or any other form of investment advisor or otherwise, and is not registered with the Securities and Exchange Commission or any state securities commission.
I must conduct my own analysis and due diligence to determine the appropriateness of any investment I make in any company to which I am introduced through MAA. As a result, I recognize and agree that neither MAA nor its representatives or agents are responsible or liable for any investment decision I make as a result of being a member of MAA. The choice to use and the manner of utilization of information andknowledge gained through MAA is my individual and personal choice.
I understand that any purchase of equity or other investment transaction shall be directly with the respective company.
I understand that MAA meetings are not an offer to sell or solicitation to buy any security by MAA or any other entity.
I agree to pay the annual membership dues as set by MAA.
I am willing to make angel investments, participate in due diligence, and attend 50% or more of member meetings.
Membership Code of Conduct:
I will conduct myself in a professional manner at all times.
I will respect the privacy of other members and not provide their name to any third party without their permission.
I will keep membership information confidential.
I understand and recognize that MAA meetings and communications are focused on investment pursuits and will not solicit another member for business.
I will disclose to the group any relationship I have or may have had with a presenting company, including any personal gain I may receive from the company.
I agree not to negotiate what are commonly referred to as “side deals” or “back-room deals” with any entrepreneur or company under consideration for investment. Any investment that is not fully disclosed to, is detrimental to, or excludes other MAA members would fall into this category. I understand that this type of behavior is grounds for immediate termination of my MAA membership.
MAA is not a venture fund, an investment bank, a broker dealer, investment clearing-house, or an investment advisor, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment. MAA is not registered with the Securities Exchange Commission or any state securities commission. Each member of MAA is responsible for his or her own investment decisions, and MAA is not recommending any particular company for investment. All investments in entrepreneurial companies involve a high degree of risk, and investors should be able to bear the risk of complete financial loss. The choice to use and manner of utilization of information and knowledge gained through MAA is each member’s individual and personal choice. No guidance shall be given, nor shall any person affiliated with MAA (or MAA itself) be responsible for an individual member’s use of the information, investment decision, or the results of any investment. Hence, MAA makes no representations or warranties regarding these companies. Investors must conduct their own due diligence and negotiate the terms of any investment they elect to make.
Please enter today's date to complete your digital signature.
The MAA Membership Committee will review all applications for membership and endeavor to provide applicants with a written response within thirty (30) days of completed application submission. (Your payment by check will be held for processing until after your membership has been approved.)
MAA membership may be terminated or membership revoked at the discretion and determination of MAA’s Membership Committee, should it be determined that a MAA member has breached any term of MAA membership. A member will be notified in writing by the Membership Committee of the intent to terminate or revoke membership, and the on-notice member shall have thirty (30) days in which to submit a written response to the Membership Committee, should the member deem his/her actions or inactions do not warrant or qualify for termination or revocation of membership. The Membership Committee shall consider, in good faith, such on-notice member written response within sixty (60) days. The decision of the Membership Committee is final.