N1AC Founder Pitch Brief
N1AC is a small group of active angel investors deploying their own capital. There is no pooled fund and no centralized decision. Each investor decides independently and can move directly. You will join a monthly investment meeting with up to 10 minutes of presentation followed by Q&A. You may present in English or Chinese, with or without slides. We recommend ~7 minutes to allow for discussion.
After the meeting, each investor decides independently whether to follow up. There is no approval process. If there is interest, we move quickly. You can expect a clear go or no-go within about one week, aligned with your fundraising timeline. Follow-ups are short, with light diligence.
Over time, this format has proven to be efficient. In most cycles, at least one company receives investment, and founders often move from first meeting to funding within one to two weeks. Even when we do not invest, founders consistently value the clarity and honesty of the feedback. Many also find early users, collaborators, or long-term relationships through the network.
We invest through a standard SAFE with a valuation cap, based on your stage and progress. Once terms are agreed, we are set up to close quickly. Each investment is made directly, and the full amount goes to the company.
We use a standard two-SAFE structure: roughly two-thirds is held by the individual investor, and one-third by the founder of N1AC in a personal capacity. The founder is an experienced angel investor with 100+ early-stage investments in the U.S. Both SAFEs share the same core terms, including valuation cap, discount, MFN, and key provisions. This is defined before signing, does not change your total dilution beyond the agreed amount, and does not affect future financing. This structure aligns incentives across the network, with part of the platform participation used to reward contributors and keep investors engaged.
After investment, we create a shared channel. Investors may support where relevant, based on their background and availability, and often engage on product, hiring, early customers, and technical decisions. For exits or transfers, each investor and the platform act independently.
The goal is simple: give founders access to a small group of serious, fast-moving investors, with clear feedback and the ability to close quickly.
In your pitch, focus on the essentials: who you are, what you are building, why now, what you have validated, and what you need next.
N1AC 创业者路演说明
N1AC 是一小群使用自有资金进行投资的天使投资人。没有资金池，也没有统一决策。每位投资人独立判断，可以直接做出投资决定。你将参加我们每月一次的投资会，形式是最多 10 分钟介绍，随后是问答。可以使用中文或英文，也可以使用或不使用 PPT。建议控制在约 7 分钟，留出充分讨论时间。
路演结束后，每位投资人独立决定是否跟进，没有审批流程。如果有兴趣，我们会快速推进。通常一周内会给出明确的继续或不继续的反馈，并尽量匹配你的融资节奏。后续沟通简洁，尽调较轻。
随着时间的积累，这种形式已经被证明是高效的。在大多数周期中，都会有至少一个项目获得投资，很多创始人从第一次见面到完成融资通常只需要一到两周。即使没有投资，创始人也普遍认可反馈的清晰和真诚。也有不少人在这个过程中找到早期用户、合作伙伴，或建立长期关系。
我们通常使用标准 SAFE（带估值上限）进行投资，条款基于你的阶段和进展确定。一旦条款确认，可以快速完成交易。每一笔投资由投资人直接出资，全部资金直接进入公司。
在文件结构上，我们采用标准的两份 SAFE 结构：约三分之二由投资人个人持有，约三分之一由 N1AC 发起人以个人名义持有。发起人是一位在美国有 100+ 早期项目投资经验的天使投资人。两份 SAFE 使用相同的核心条款，包括估值上限、折扣、MFN 等。这一结构在签署前确定，不会改变你在该轮融资中的整体稀释结果，也不会影响后续融资。这一安排用于在网络内对齐激励，其中一部分权益会用于激励持续贡献的参与者。
投资完成后，我们会建立一个沟通群。投资人会根据自身背景和时间，在合适的情况下提供支持，并参与产品、招聘、早期客户和技术等关键问题的交流。退出或转让时，投资人和平台各自独立决策。
这件事的目标很简单：让创业者接触一小群认真、行动快、有出资能力的投资人，获得清晰反馈，并有机会快速完成融资。
路演中，请专注讲清楚：你是谁、你在做什么、为什么现在值得做、你已经验证了什么、以及接下来需要什么。