What are the requirements for Band membership?
Band members are generally semi-retired successful high technology founders or executives, are SEC accredited, and have an interest in investing in high-risk startups. Band members have founded companies such as Cirrus Logic, Symantec, National SemiConductor and Logitech, and have been executive officers at Sun Microsystems, Hewlett Packard, Intel, 3Com and Intuit. As such, the culture of the Band is to recognize that its members have led serious careers and can decide for themselves how best to use the opportunities made available through the Band. Hence, there are no firm performance criteria on the membership. Nevertheless, it is generally expected that members attend a third of the meetings, invest in one deal per year, help with diligence on potential investments, make their networks available to each other, keep confidential information confidential, and strive to maintain the Band’s conviviality.
