Oregon Angel Fund

Oregon Angel Fund (OAF) is the largest group making venture investments in the Portland, Oregon area and invests throughout Oregon and SW Washington. The fund consists of 180 ^[1] angel investors, of whom 85% have run or founded a business. OAF evaluates up to 300 business plans per year, selecting five to seven to invest in annually.^[2]

Investment strategy

The fund's seed money and early stage venture capital investments range in size from $100k - $2.5M.^[3] About 70 percent of investments are in technology. 20 percent are medical devices, health care IT, and related fields. And 10 percent are in other areas such as transportation and consumer.^[4] Companies in Oregon Angel Fund's portfolio include Jama Software, Elemental Technologies, ClearFlow, Inc., and Brandlive.

The Oregon Angel Fund also receives annual investment from The Oregon Community Foundation,^[5] Meyer Memorial Trust, the State of Oregon, and regional colleges and universities, such as Willamette University and Lewis & Clark College.^[6]

Management

Co-founded by Robert Ward and Eric Rosenfeld,^[7] a venture partner of DFJ Frontier,^[8] the fund is now managed by Eric Rosenfeld, Scott Sandler, Jon Maroney, Julianne Brands, and Lynn Fletcher.^[9]

References

Private equity and venture capital
Basic investment types	Buyout Venture Mezzanine Growth Secondaries Equity co-investment
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Terms and concepts	Buyout Financial sponsor Management buyout Divisional buyout Buy–sell agreement Leveraged recapitalization Dividend recapitalization Venture Angel investor Business incubator Post-money valuation Pre-money valuation Seed money Startup company Venture capital financing Venture debt Venture round Structure Private equity firms and funds Limited partnership Limited liability company Carried interest Management fee Publicly traded private equity Business Development Company Venture capital trust Private investment in public equity (PIPE) Pledge fund
Investors	Corporations Institutional investors Pension funds Insurance companies Fund of funds Endowments Foundations Investment banks Merchant banks Commercial banks High-net-worth individuals Family offices Sovereign wealth funds Crowdfunding
Related financial terms	AUM Cap table Capital call Capital commitment Capital structure Distribution waterfall EBITDA Envy ratio High-yield debt IPO IRR Leverage Liquidation preference M&A PME Taxation of private equity and hedge funds Undercapitalization Vintage year
Private equity and venture capital investors Private equity firms Venture capital firms Angel investors Portfolio companies