Long Island Angel Network

The network sources primarily through referrals from its member base, regional university technology transfer offices including Stony Brook University and Hofstra University, and partnerships with local economic development organizations. It also reviews companies that apply directly through its website and those identified at regional pitch competitions. The group’s filtering process emphasizes companies with a substantive connection to Long Island or the surrounding New York metro area.

The network typically participates in seed and Series A rounds with aggregate checks between $250,000 and $1 million per round, formed from individual member commitments. Investments are generally structured as equity via convertible notes or priced rounds, with the network syndicating alongside other New York-area angel groups and early-stage venture funds when larger rounds are required. Terms are negotiated collectively through designated member leads.

While the network’s core mandate is Long Island and the New York metropolitan area, it has occasionally participated in rounds for companies in adjacent Northeastern markets when a member champion surfaces the opportunity. However, the group does not market itself as a national investor and its screening criteria explicitly prioritize proximity. Most portfolio companies maintain headquarters or a major operational presence on Long Island.

The network operates through a member-driven governance structure without a publicly named full-time staff. A rotating board of active angel investors oversees operations, organizes pitch events, and coordinates the diligence process. Investment decisions are made by vote of the full membership following a structured screening and presentation sequence, distributing evaluation responsibility across the member base rather than centralizing it in professional staff.

Companies can submit their business plans through the network’s official website or obtain an introduction from a current member. The network holds regular screening sessions where a subset of members evaluates initial submissions before inviting selected companies to present to the full membership at scheduled pitch meetings. Acceptance onto the presentation calendar does not guarantee funding; individual members make their own investment decisions following company presentations.