Who we look for

Charleston Angel Partners seeks early stage companies in the Southeastern U.S that are run by great teams who offer innovative solutions to large market problems.

The following are typical, though not required, attributes of Charleston Angel Partner investments:

  • Have the potential to be evaluated at $50M in five years
  • Are seeking an investment of $250,000 to $2M
  • Are incorporated as a C corporation
  • Maintain an independent board of advisors with industry-specific expertise
  • Have raised seed capital from a previous round(s) of funding

 

CHAP Investment Vetting Process

When a company passes the Charleston Angel Partners vetting process, members invest on an at-will basis. There is no majority voting or “all or nothing” funding model. The members who invest in you become advocates for your business, and believe that you can make an impact on the future.

Step 1: Initial screening by the Executive Administrator

Step 2: Executive Administrator extends an invitation to make a live presentation to the group

Step 3: At the live presentation, the group will decide to either move to due diligence, track with recommended milestones, or pass on the investment opportunity

Step 4: If approved to due diligence, a team of members will look to review prepared documentation and hold a series of calls and meetings to learn more about your company

Step 5: If recommended for investment, you will be asked to come back to another live meeting for a final Q&A discussion

 

Recommended Documentation for Due Diligence

Corporate / Organization

  • LLC Operating Agreement or Certificate or Articles of Incorporation and By-Laws

  • Shareholder Agreement(s)

  • SEC Form D stock issuance filings

  • Capitalization table (breakout of ownership interests)

  • Licensing agreements if applicable

  • Patent filings (provisional, utility, design, plant, PCT, etc.), include trademarks and copyrights

  • Contact info for patent and corporate attorneys

 

Company and Financial

  • 1 page Executive Summary of Company

  • Business plan, including sales plan, marketing plan and product development plan

  • Year-to-date (YTD) and historic financials (if available) – Profit/Loss and Balance Sheet

  • 3 year pro forma financials (first year by month, yrs 2-3 annually)

  • Corporate investor pitch (PowerPoint)

  • 6, 12 and 18 month corporate milestones

  • Current operation monthly cash spend and current cash on hand

  • Detailed use of cash / proceeds

  • Financing needs / investor strategy

  • Leasing agreements

  • Loan agreements

  • Outstanding tax liabilities

  • Press releases / articles

  • Competitive business review (competitive landscape)

  • Key contracts and partnership agreements

  • Grant status: SBIRs, STTRs, etc.

  • Exit strategy thoughts

  • Investment banking and brokerage relationships, if any

 

Management

  • Resumes or bios of startup/management team (including advisory board or board of directors)

  • Organizational chart

  • Hiring (manpower) plan

  • Employment Agreements (non-competes, confidentiality, assignment of inventions, severance, etc.)

  • Reference lists for startup/management team (some many be duplicated as requested below)

  • Reference list for the Company (customers, strategic partners, industry veterans, advisors, etc.)