VENTURESOUTH ASHEVILLE (FKA Asheville Angels)

VentureSouth Asheville is a member-based angel investor network a local chapter of VentureSouth. We invest in and support startups and early-stage, high-growth companies in Asheville and across the Southeast. Founded in October of 2014 as Asheville Angels, we currently consist of about 20 angel investors. VentureSouth Asheville is not an investment fund, but rather, an angel investor network with members who make individual investment decisions after working together to evaluate candidate companies.

To date, we have invested over $2M over 25 companies. Our angel investors possess a broad array of business experiences and skills that they utilize in helping to screen and evaluate potential portfolio companies.

MEMBERSHIP BENEFITS FOR INVESTORS

• Access to high-quality deal flow
• Strong due diligence process via professional team and member expertise
• Favorable deal terms due to collective investment size
• Professionally managed accounting, legal and deal structuring
• Right to make an individual investment decision on every deal
• Access to angel investor education
• Opportunity to drive economic growth in our community

ANGEL INVESTMENT CRITERIA

VentureSouth Asheville considers investments across numerous industries. More important than the industry is the caliber of the team, the company’s traction, and a host of other factors listed here:

• Startup or early-stage venture located in Asheville or the Southeast
• Strong team of passionate entrepreneurs with relevant industry experience
• Demonstrated market validation
• Compelling solution to needs in a large, expanding market
• Scalable and efficient business model
• Anticipated revenues of $20M within 5 years
• Differentiated value proposition
• Defensible competitive advantage
• Clearly articulated use of funds plan and exit strategy
• Seeking to raise between $150K and $1M
• Willing to offer 20%-30% equity position on a post-money basis
• Expect to create a liquidity event that can provide investors with 50%+ rate of return

ANGEL INVESTOR MEETINGS

Regular monthly meetings for members of VentureSouth Asheville are held on the 2nd Tuesday of each month. Meetings typically include presentations from one or two candidate companies and due diligence reports or updates on companies that have previously presented.  We also include time for member education and networking. Conact us for a guest visit any time.

FOR INTERESTED INVESTORS

VentureSouth Asheville is currently accepting new members. To qualify for membership, you must:

• Be an accredited investor per SEC rules, which in its simplest definition requires a net worth of $1 million or annual income over $200K
• Complete a membership application
• Pay annual membership dues of $3,000
• Be willing to share your expertise and participate in evaluating deals from time to time