Membership
What It Takes to Become Part of TLS
TLS membership is limited and available to active, accredited investors with experience in the life science industry as well as institutional investors who wish to invest alongside them. A membership application is required which will be considered based on the following criteria:
Accreditation
Members must be SEC accredited investors who are able to independently assess the risks that come with the types of private investments that the membership actively solicits. Go to the SEC Accredited Investor page of this website for more details. If you have questions about whether or not you fulfill this requirement, consult with your financial advisor, attorney, or accountant.
Track record
TLS provides entrepreneurs with more than a source of capital. Our members have deep operating and financial experience in a wide range of companies involved in pharmaceutical/biotechnology, medical devices, healthcare information, non-prescription healthcare products, medical service delivery and healthcare finance. As a result, members are able to add value to the companies that we partner with. In order to support this mission, prospective members must be able to demonstrate a track record of investment in or management of successful life science companies.
Functional Expertise
TLS seeks to have a membership with proven expertise in a wide range of functional areas critical to success in the healthcare industry including corporate finance/accounting, business development, commercial operations (sales/marketing), regulatory, legal, medical, and clinical operations.
Dedication
The success of TLS is directly linked to the dedication of its membership. We expect members to provide feedback about prospective investments, to take an active role in due diligence, to identify investment opportunities for consideration and to demonstrate commitment to the betterment of the consortium. The terms of membership are outlined in the TLS Consortium Agreement.
Financial Commitment
Unlike angel and venture investment groups, TLS does not require its members to make an upfront commitment of capital. However, because our ability to attract investment opportunities is predicated on our members ability and willingness to invest, we require that members participate in at least one transaction of any size every 36 months.
Diversity. We seek diversity in our membership. This includes gender, ethnicity, socioeconomic status, and other relevant areas. We welcome applications from all suitably qualified candidates.
For membership: download, complete and email the attached TLS Membership Application to info@tlspartnersrx.com. In the subject line of your email please include your name (i.e., John Smith Membership Application). You will receive a response within 4 weeks.