Welcome to the Successful Entrepreneur Investors Network (the “SEI Network”). You will be joining a special group of investors. You are being invited to join because of your reputation, background in dealing with business challenges; and your sincere desire to see successful companies launched in Wisconsin.
In order to qualify you must meet the criteria of an “accredited investor” as defined by Rule 501 of Regulation D of the Securities and Exchange Commission. This requirement make great sense as you will be relying on your own judgment and experience to guide you in deciding which start-up companies in which to invest. The SEI Network is not a managed angel fund, but is a forum to bring sophisticated investors together with entrepreneurs.
SEI’s Membership Application form is listed below for your perusal. The membership fee is $1,500.
Application for membership includes three steps:
1. Submit membership application
2. An invoice will be email for payment via check
3. SEI review of the membership application
Your application will be reviewed by the managers of Successful Entrepreneur Investors, LLC, (”SEI, LLC”) administrative agent for the Network and you will receive confirmation of their decision within 30 days.
To apply for membership, click on this link Apply for SEI membership.
Please contact Dan Steininger for questions on SEI membership or on the membership application.
SEI Membership Application
The undersigned intends to become an investor member of the Successful Entrepreneur Investors Network. As a condition to becoming and remaining a member of the SEI Network the undersigned represents and confirms the following:
1. The undersigned is an “accredited investor” as defined by Rule 501 of Regulation D under the Securities Act of 1933 as amended (the “ ‘33 Act”) because:
A.______The undersigned individually or jointly with his or her spouse has a net worth in excess of $1 million;
B.______The undersigned has had individual income in excess of $200,000 in the two most recent years or joint income with her or his spouse in excess of $300,000. in each of those years and has a reasonable expectation of reaching the same income level in the current year.
C.________The undersigned is a corporation, partnership, or 501(c)(3) organization with assets exceeding $5 million.
D.________The undersigned is a trust, with total assets in excess of $5million, not formed for the specific purpose of making investments, which purchase is directed by a person whose knowledge and expertise in business and financial matters are such that she or he is capable of evaluating the merits and risks of the investments.
E._______The undersigned is a bank, insurance company, business development company, small business investment company, a saving and loan association; a registered broker or dealer; an insurance company; or an employee benefit plan with total assets in excess of $5 million;
F.________The undersigned is a corporation, partnership or other entity of which all the equity investors satisfy at least one of the requirements set forth the above.
2. In addition to the statements made in Part 1 above, the undersigned understands and acknowledges the following with respect to investments made as a result of participation as a member of the Successful Entrepreneurs’ Network:
(A) The investments generally will involve development-stage businesses and will, therefore, be speculative and involve high degree of risk.
(B) The undersigned has the financial stability at the present time to sustain a potential complete loss of all amounts which he or she invests in the presenting companies.
(C) Any financial participation by the undersigned in the investments (whether directly or indirectly through one or more entities) will be solely for investment for the undersigned’s own account, and not for resale.
(D) The securities relating to such investments may not be registered under the ‘33 Act or applicable state securities law (Blue Sky Laws) and that the investor maybe required to hold securities indefinitely unless (i) they are subsequently registered under the Act and/or the Blue Sky Laws; or (ii) in the opinion of experienced securities counsel a sale or transfer maybe made without registration thereunder.
(E) The undersigned has such experience and knowledge in financial or business matters that the undersigned is capable of independently evaluating the merits and risks of prospective investments and does not intend to rely on any advice or recommendations of any third party affiliated with SEI.
(F) The SEI Network will not provide advice, evaluations, recommendations or any other guidance upon which the undersigned may rely in making investment decisions. All investment decisions should be made based upon information obtained through due diligence of the undersigned and any other investors with which s/he may collaborate in evaluating potential investments. The undersigned will evaluate the risks and merits of each investment based upon the undersigned’s sole business judgment.
(G) SEI, LLC is the administrative agent for the SEI Network and performs exclusively administrative support services. SEI, LLC will not negotiate the terms and conditions of any investment and SEI will not act as a broker or dealer with respect to any investment.
(H) This Application does not constitute an offer to sell equity interests in any investments or entity. Members are encouraged to consult with their own attorneys, accountants, investment advisors and other professional advisors when considering any investment made in connection with the SEI Network. Neither SEI, LLC nor the SEI Network will provide any investment, legal or tax advice.
(I) The undersigned waives and agrees to hold harmless SEI, LLC and its representatives from any claims related to losses suffered by the undersigned in connection with any investment made as a result of participation in the SEI Network. .
(J) The undersigned agrees to comply with the following rules of conduct:
(i) All materials and communication of SEI Network are confidential and should not be disclosed to third parties outside of the SEI Network except for disclosure to personal advisors, attorneys or consultants, each of which is bound by the same obligation of non-disclosure.
(ii) Agrees not to independently solicit any company presented to the undersigned by the SEI Network for commercial or investment purposes for a period of one year before, during or after the presentation without the consent of SEI, LLC.
(iii) Will disclose any relationship the undersigned has with the presenting companies including any potential gain or prior relationship.
(K) The undersigned may withdraw from membership in the SEI Network at any time, although no refund of membership fees will be made and the obligations set forth in Section J (i) and (ii) above shall remain binding upon the member after withdrawal from the SEI Network.
Verification of identity and acceptance: [ ] (last four digits of Social Security Number)
Dated as of____________________________________
Print Name_________________________________________________
Signature__________________________________________________
Address___________________________________________________
City__________________________ State__________ Zip___________
Email__________________________ Telephone__________________
MAIL APPLICATION TOGETHER WITH A CHECK FOR $1,500 MADE PAYABLE TO THE SUCCESSFUL ENTREPRENEUR INVESTORS LLC
Successful Entrepreneur Investors LLC
c/o Daniel J. Steininger
1749 N. Prospect Ave.
Milwaukee, WI 53202
Apply for SEI membership.
In order to qualify you must meet the criteria of an “accredited investor” as defined by Rule 501 of Regulation D of the Securities and Exchange Commission. This requirement make great sense as you will be relying on your own judgment and experience to guide you in deciding which start-up companies in which to invest. The SEI Network is not a managed angel fund, but is a forum to bring sophisticated investors together with entrepreneurs.
SEI’s Membership Application form is listed below for your perusal. The membership fee is $1,500.
Application for membership includes three steps:
1. Submit membership application
2. An invoice will be email for payment via check
3. SEI review of the membership application
Your application will be reviewed by the managers of Successful Entrepreneur Investors, LLC, (”SEI, LLC”) administrative agent for the Network and you will receive confirmation of their decision within 30 days.
To apply for membership, click on this link Apply for SEI membership.
Please contact Dan Steininger for questions on SEI membership or on the membership application.
SEI Membership Application
The undersigned intends to become an investor member of the Successful Entrepreneur Investors Network. As a condition to becoming and remaining a member of the SEI Network the undersigned represents and confirms the following:
1. The undersigned is an “accredited investor” as defined by Rule 501 of Regulation D under the Securities Act of 1933 as amended (the “ ‘33 Act”) because:
A.______The undersigned individually or jointly with his or her spouse has a net worth in excess of $1 million;
B.______The undersigned has had individual income in excess of $200,000 in the two most recent years or joint income with her or his spouse in excess of $300,000. in each of those years and has a reasonable expectation of reaching the same income level in the current year.
C.________The undersigned is a corporation, partnership, or 501(c)(3) organization with assets exceeding $5 million.
D.________The undersigned is a trust, with total assets in excess of $5million, not formed for the specific purpose of making investments, which purchase is directed by a person whose knowledge and expertise in business and financial matters are such that she or he is capable of evaluating the merits and risks of the investments.
E._______The undersigned is a bank, insurance company, business development company, small business investment company, a saving and loan association; a registered broker or dealer; an insurance company; or an employee benefit plan with total assets in excess of $5 million;
F.________The undersigned is a corporation, partnership or other entity of which all the equity investors satisfy at least one of the requirements set forth the above.
2. In addition to the statements made in Part 1 above, the undersigned understands and acknowledges the following with respect to investments made as a result of participation as a member of the Successful Entrepreneurs’ Network:
(A) The investments generally will involve development-stage businesses and will, therefore, be speculative and involve high degree of risk.
(B) The undersigned has the financial stability at the present time to sustain a potential complete loss of all amounts which he or she invests in the presenting companies.
(C) Any financial participation by the undersigned in the investments (whether directly or indirectly through one or more entities) will be solely for investment for the undersigned’s own account, and not for resale.
(D) The securities relating to such investments may not be registered under the ‘33 Act or applicable state securities law (Blue Sky Laws) and that the investor maybe required to hold securities indefinitely unless (i) they are subsequently registered under the Act and/or the Blue Sky Laws; or (ii) in the opinion of experienced securities counsel a sale or transfer maybe made without registration thereunder.
(E) The undersigned has such experience and knowledge in financial or business matters that the undersigned is capable of independently evaluating the merits and risks of prospective investments and does not intend to rely on any advice or recommendations of any third party affiliated with SEI.
(F) The SEI Network will not provide advice, evaluations, recommendations or any other guidance upon which the undersigned may rely in making investment decisions. All investment decisions should be made based upon information obtained through due diligence of the undersigned and any other investors with which s/he may collaborate in evaluating potential investments. The undersigned will evaluate the risks and merits of each investment based upon the undersigned’s sole business judgment.
(G) SEI, LLC is the administrative agent for the SEI Network and performs exclusively administrative support services. SEI, LLC will not negotiate the terms and conditions of any investment and SEI will not act as a broker or dealer with respect to any investment.
(H) This Application does not constitute an offer to sell equity interests in any investments or entity. Members are encouraged to consult with their own attorneys, accountants, investment advisors and other professional advisors when considering any investment made in connection with the SEI Network. Neither SEI, LLC nor the SEI Network will provide any investment, legal or tax advice.
(I) The undersigned waives and agrees to hold harmless SEI, LLC and its representatives from any claims related to losses suffered by the undersigned in connection with any investment made as a result of participation in the SEI Network. .
(J) The undersigned agrees to comply with the following rules of conduct:
(i) All materials and communication of SEI Network are confidential and should not be disclosed to third parties outside of the SEI Network except for disclosure to personal advisors, attorneys or consultants, each of which is bound by the same obligation of non-disclosure.
(ii) Agrees not to independently solicit any company presented to the undersigned by the SEI Network for commercial or investment purposes for a period of one year before, during or after the presentation without the consent of SEI, LLC.
(iii) Will disclose any relationship the undersigned has with the presenting companies including any potential gain or prior relationship.
(K) The undersigned may withdraw from membership in the SEI Network at any time, although no refund of membership fees will be made and the obligations set forth in Section J (i) and (ii) above shall remain binding upon the member after withdrawal from the SEI Network.
Verification of identity and acceptance: [ ] (last four digits of Social Security Number)
Dated as of____________________________________
Print Name_________________________________________________
Signature__________________________________________________
Address___________________________________________________
City__________________________ State__________ Zip___________
Email__________________________ Telephone__________________
MAIL APPLICATION TOGETHER WITH A CHECK FOR $1,500 MADE PAYABLE TO THE SUCCESSFUL ENTREPRENEUR INVESTORS LLC
Successful Entrepreneur Investors LLC
c/o Daniel J. Steininger
1749 N. Prospect Ave.
Milwaukee, WI 53202
Apply for SEI membership.