Early Stage Equity Investment Group
 
 

What We Look For

 

Charleston Angel Partners seeks early stage companies in the Southeast that are run by quality teams of individuals who offer innovative solutions to large market problems.  The following are sought after attributes of Charleston Angel Partner investments:

 
 
  • Have the potential to be valued at, or over, $30,000,000 in three to five years

  • Are seeking an investment of $50,000 to $1,000,000 in an angel, seed, or series A round

  • Are organized as a corporation or similar entity

  • Maintain an independent board of advisors with industry-specific expertise

  • Have raised seed capital from a previous round(s) of funding

 
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Our INVESTMENT PROCESS

We seek to provide our applicant entrepreneurs with clear communication and a transparent vetting and due diligence process.  When a company passes the Charleston Angel Partners investment process, members invest on an at-will basis.  Companies that join our portfolio enjoy access to the expertise and connections of our membership, specifically, the members who choose to invest in these prospective businesses become advocates on their behalves.

Below is a brief overview of our investment process:

  • Initial screening and analysis

  • Invitation to make a live presentation to the group

  • Immediately following the pitch the group will decide to:

    • Proceed to due diligence

    • Track with recommended milestones

    • Pass on the investment opportunity

  • If approved for due diligence, a team  will review your prepared documentation and hold a series of calls and/or meetings to learn more about your company

  • If recommended for investment, you will be asked to come back to a final live meeting for a final question and answer session

 
 
 

RECOMMENDED DOCUMENTATION

 

COMPANY AND FINANCIAL

  • Executive Summary of Company (1 page)

  • 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)

  • Investor Pitch Deck (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)

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

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.)
 
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