Venture Capital Startup Criteria
The investment criteria of Third Coast Angels, LLC (TCA) examine several core areas of individual startup businesses in the high-tech, bio-tech and green-tech industries:
- Goals – focus on businesses aimed to solve issues in advanced manufacturing, energy, IT, medical or other new technologies
- Geography – U.S. operations within Midwest or East Coast states – Wisconsin, Iowa, Illinois and Minnesota are our main investment areas; Michigan, Ohio, Indiana, Connecticut, Pennsylvania, North Carolina and Vermont are the secondary
- Management – proven and strong leadership team looking to raise capital through angel investors
- Competitive advantage – core business strategy to remain profitable and competitive
- Market size – significant volume of at least $150 million or more
- Exit strategy – management team’s established exit strategy/vision for a liquidity event within five years
Our dinner investment club typically considers startup businesses that are seeking investments of $100,000-$400,000 over time. We are also willing to syndicate with other groups in order to accomplish larger deals when we can add value to our business units. TCA business investors are prepared to take an active role in the strategic development of your company and believe that we can add more than money – member placement on advisory boards for example – to your small business venture.