LSA Membership Experience
LSA Membership Experience
Dinners - We have 4 evening dinners in the Palo Alto Area that are attended by about 80 of our members, entrepreneurs, and guests. They are held at the Sharon Heights Country Club in Menlo Park or a similar facility. The meetings start with a cocktail hour for people to network, followed by the dinner during which external industry experts give a fireside chat on the insights and trends in the life science industry.
Screening Meetings - Our bi-weekly screening meetings are held, where the members are presented with 2-3 new pitches for investment. Held via Zoom, they are typically attended by 20-25 members. All company presentations are recorded for later review by members.
Due Diligence Meetings - Companies that amass enough member interest in the Screening meetings will then be evaluated further by due diligence teams consisting of Members and Fellows who have the expertise to evaluate different aspects of the business plan, including the market, technology, IP, financials, etc., and develop the Term Sheet. LSA believes that good due diligence is important for making good investment decisions. Members are highly encouraged to participate in due diligence teams where they have relevant domain expertise. If a company passes the due diligence vetting process, the due diligence teams will produce a Deal Memo, and the raise for circle is announced to initiate the investment process.
@LSA Series - We collaborate with our partners, comprised of academic and corporate accelerators and incubators, to select and connect with companies of potential investment interest to LSA. Held 5-6 times a year, members hear the pitches and connect further with the entities as we seek to diversify the portfolio companies for LSA.
Member Education Sessions - We hold several educational sessions - in-person and/or via Zoom - on topics of interest to members. Important topics are repeated at least every two years. Past sessions have included: term sheets, building a portfolio, advances in digital healthcare, Proseeder usage, exits, deal valuation, tax provisions for small company investing, and introduction to LSA for new members.
External Events - LSA informs Members of relevant events for Angels in the Bay Area and across the country - pitch events, open houses, speaker panels, angel meetings. Our members often receive discounts and/or complimentary registration on paid events and invitations to events not generally available to the public.
Summer Party - This is a complimentary party for members and Fellows and their family members, often at the house of one of our members.
Holiday Party - Same as Summer Party, but in December.
Monthly Happy Hours - Through relaxed social gatherings during the happy hours, LSA members, partners, sponsors, and CEOs of companies under due diligence and/or portfolio companies connect.
Internal Communication - All current members receive the LSA Weekly Newsletter on the first weekday of the week with current developments and all updates, purposed to ensure members have most up-to-date information on all of the LSA activities and investments.