We believe that the tech sector in the countries of South Eastern Europe is shifting from "work-for-hire" development shops to "product" companies that are creating value beyond just knowing how to be good software engineers.
The educational systems have in the past and present produced strong talent and it is time to enable that talent to become a part of the global innovation community that is successfully commercializing their creations.
Being successful on the global scene takes more than just hard work and great talent. That's where the Skok123 Angels come in. We have build successful business that have been able to prove its worth on the global market place. Been there, done that!
Skok123 does not invest from a common fund. Instead, each angel decides how much to invest in a particular deal. All invested capital goes directly into the business with no management fees deducted.
Skok123 angels play a vital role in guiding companies through the challenges faced by early-stage ventures. A strong, ongoing connection between the company and Skok123 angels provides the company significant advantages as the company navigates through difficult early-stage challenges.
Most angels like to help the companies that they invest in. The level of involvement varies from one angel to another. Some angels like to get involved in the daily operations of the business. Others prefer to offer occasional advice as a board member.
By becoming a Skok123 member, each angel commits to attending a minimum number of Skok1 meetings and start-up presentations, and investing a minimum amount of capital per year.
All Skok123 members are accredited investors.*
* Accredited investor under Securities and Exchange Commission Regulation D, Rule 501, is an investor wealthy enough to be exempt from registration requirements. Individuals or married couples must have a net worth of at least $1 million or annual income of at least $200,000 ($300,000 for couples) for each of the two most recent years and a reasonable expectation of the same income in the current year.