The active investors meet every second Thursday of the month to look at business plans/proposals sent to the network. The selected entrepreneurs get invited to give a five-minute pitch and if successful, get mentoring and funding assistance. The investors’ get directly involved in the investment process with a common interest in entrepreneurship. The processes and procedures set out in LAN will facilitate the investors to act together as a group, lowering risk and providing an easy exit as the company matures.
The network looks for clear path to profitability, solid management, realistic business plan, scalable business, competitive edge, market acceptance, realistic financial projections, realistic valuation and a well-articulated exit strategy for investors.