For Entrepreneurs
Who We Look For
CHAP considers early stage companies in the Southeast US that have the potential to become $50 Million companies in 5 years, with a plan to get there. Your company should be incorporated as a C-corp with an independent board of advisors who know the industry. Typically, our initial investments are preferred equity positions in companies which have already raised substantial seed capital from founders, friends, family, business associates, or grant sources.
Things You Will Need to Cover
Your Executive Summary and Business Plan should cover:
CHAP considers early stage companies in the Southeast US that have the potential to become $50 Million companies in 5 years, with a plan to get there. Your company should be incorporated as a C-corp with an independent board of advisors who know the industry. Typically, our initial investments are preferred equity positions in companies which have already raised substantial seed capital from founders, friends, family, business associates, or grant sources.
Things You Will Need to Cover
Your Executive Summary and Business Plan should cover:
- Brief description of the product and the problem it solves
- Target market description, size and growth projections
- Closest competitors in your market segment; and your comparative strengths and limitations
- Underlying proprietary technology, and IP protection
- Revenue history to date, and pro forma financials for next 3-5 years
- Previous investment rounds, amounts, dates, valuations, and names of prominent investors
- Current round: size, how funds will be used, proposed valuation
- Management team: names, position, prior experience in this industry and other start-ups
To Apply
To get started, email a 2-5 page Executive Summary to our Executive Administrator. Please include the following in your cover email:
- Is your company located in the Southeast US? If yes, where?
- Is the offering a Series A preferred equity round in a C-corp?
- What is the proposed pmv (pre-money valuation) the company is seeking for this offering?
- What is the aggregate capital contribution (in cash) of all investors to date.
- What is the aggregate capital contribution (in cash) of the founders? Are the founders or current management planning to participate in the current round?
- Is your IP (intellectual property) protected by a US patent? If so, on what date was the patent issued? If pending, what is the status of the application?
- Does the company have brokerage or investment banking relationships which would involve a commission or success fee from the current or future funding rounds? If so, what are the basic terms of the agreements?
If your plan is selected, we will contact you for additional information. A select number of companies will then be invited to present to the CHAP Membership.
At the presentation, members will determine whether to proceed to Due Diligence If we proceed, a Due Diligence team will be formed to evaluate company prospects in detail.
