How do I pitch?
We require an application to be invited to pitch to our group. Please apply here to be considered. After your application is submitted, our team will review your business and documents. You’ll receive word within a few weeks as to whether or not we’d like you to come pitch to the fund. If you’re not invited to pitch, review the feedback you receive and resubmit if appropriate. If you are invited to pitch, congratulations! Start preparing for your presentation.
How soon after I apply will I know if I’ll be invited to pitch to the fund?
You’ll receive a response to your application either inviting you to pitch or declining the application within 2-3 weeks.
What types of companies do you like to invest in?
The Frontier Fund II invests in high-growth potential businesses. This could be anything from software to pharmaceuticals, consumer products to media companies. The only requirement is that your business has the potential and likelihood of achieving rapid scale.
If the Frontier Fund II invests, will I lose control of my company?
No. We aim to acquire between 15% and 30% of a business through investment. You retain control of your company. Depending on your team, existing board of directors and advisers, we may ask for a board seat as a requisite to funding.
Are there certain types of companies you won’t invest in?
Yes, we will not invest in anything that could be termed a “lifestyle business.” That is, we do not invest in businesses that are limited in scalability, have a small target market or have a very limited scope. Any business that is focused on any single geographical area is probably not a good fit. This includes restaurants, retail shops and most service oriented businesses. If you’re unsure whether or not your business is a good fit for funding, feel free to send us an email (email@example.com) and ask.
How soon can I get funding?
The Frontier Fund II is not a short-term funding source. We rarely provide bridge financing and deals commonly take 2-3 months to complete. A general timeline for funding is as follows: • Application Response – 2-3 Weeks • Pitch at the next Frontier Fund II Meeting – 1-4 Weeks • Due Diligence – 2-4 Weeks • Completion of Deal Documents – 1-2 Weeks
How much money can I raise through the Frontier Fund II?
The Frontier Fund will lead deals within Montana with a total raise between $10,000 and $2,000,000. If you need to raise more than $2 million, the Frontier Fund may be interested in participating but will rarely lead a deal that large.
Why work with the Frontier Fund II?
In addition to making investments in businesses, we like to work with our portfolio companies to actively improve their businesses. This commonly includes strategic advising, introductions to prospective customers, technology partners, employees and more.
What is a pitch like?
We’re not Shark Tank. We’re a group of successful Montanans that’s friendly and helpful above all else. You’ll give a presentation to the group regarding your business’ current state and future plans. Be sure to carefully outline your use of investment funds, demonstrate mastery of your market and show how your product is going to be disruptive to the market. A product demonstration is strongly recommended. You’ll be limited to around 15 minutes for the presentation with Q&A to follow.
How can I join the Frontier Fund II as an investor?
The Frontier Fund II is open to new members until August, 2015. The SEC requires you to be an accredited investor in order to participate in the Frontier Fund II. To join, please call Liz Marchi at (406) 883-4044 or email her at firstname.lastname@example.org.
What are appropriate uses of angel capital?
We carefully consider how you’ll be using invested capital with evaluating an investment in your business. Generally speaking, using capital to drive growth is appropriate. Using investment funds to pay the salaries of principals, acquire office space, hire consultants or similar will be frowned upon.
Where are your meetings?
Our meetings move around the state of Montana but are commonly held in Kalispell or Bozeman.
My business doesn't meet the requirements for investment by the Frontier Fund II, where can I find alternative sources of startup and growth capital?
There are several common ways to finance your new venture if it doesn't meet the qualifications for outside investment. A few are SBA loans, loans or investment from friends or family, Bootstrap Montana Loans, grants (state, federal and private), and bootstrapping.
What are some tips for pitching to the Frontier Fund II?
• Demonstrate absolute mastery of your market • Prove that your product is disruptive to the market • Clearly state where your company is currently • Show a plan for the use of investment funds • Clearly show how the investment funds will allow your business to grow • Show that your team is highly qualified to create, sell and deliver your product to your customers • Be open and honest – you’ll be required to answer questions regarding the financial state of your company, reveal proprietary information and discuss your plans for the business