9 quotes from an early meeting of a Charlotte angel investors group
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Last week, a group of about 25 angel investors in Charlotte gathered for the second time as they get their new organization off the ground.
Led by Greg Brown of Charlotte Angel Fund, the mission is simple: facilitate awareness and discussion within the Charlotte angel community, make it easier to become an angel investor, and ultimately make it easier for great Charlotte companies to get funded.
Here’s a fly-on-the-wall listen into the pain points and goals of this new group:
“I think companies in Charlotte are being funded, externally. And people in this room are deploying capital — much of it outside of Charlotte.”
“There is a lot of available capital in Charlotte for early stage companies. The issue is that it’s poorly organized, and how to approach is unclear for entrepreneurs.”
“How many companies have you invested in whose first approach was through an online platform?” (Zero answers)
“What about using Slack [for internal communication]? Slack is cool.” (Note: Agenda agrees – Slack is cool.)
“What we do is about people and ideas — but mostly people.”
“There are two types of investors. Some want to do their own due diligence, some are like ‘I like you, I trust you, here’s your check.'”
“We realized [with another disbanded organization] that meeting attendance was directly related to the choice of caterer.” (The lesson: This group plans to have a more dedicated mission and strategy.)
“Everyone is here to make the community better.”
“How much would you say you’re writing checks for?” “$2-3 million.”
Seeking funding? Stay tuned for word on which platform the group will officially use to review and discuss early stage companies.