We are very excited to be working with Matt Bailey and Malay Shah on the development of VentureSouth Piedmont.
Below is the announcement sent out today; and thanks to the Triad Business Journal for their ongoing coverage and updates.
Interested in joining the group? The membership application form is here.
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NEW ANGEL INVESTOR GROUP FORMS IN TRIAD
VentureSouth Piedmont (VSP) today announces a series of events to organize and increase angel
Starting with a launch meeting on September 14th, VSP will hold meetings to gauge interest in the local business and investment community for a local angel investor group. These events are open to anyone interested in investing in early stage companies and entrepreneurs in the Piedmont Triad and across the Southeast.
VSP will be a membership-based group of individual investors with local leadership. The group will meet monthly to invest in and support startup and early-stage, high-growth companies. VSP has already begun working on its first investments.
VSP is part of VentureSouth. VentureSouth operates over a dozen proven angel investment groups and funds across the Carolinas, with approximately 250 individual investors and a portfolio of over 50 companies. VSP will work closely with sister chapters across North and South Carolina that are having a positive impact on their communities. VSP has already begun working on its first investments with its peers.
VSP will invest in early stage companies in the Southeast that are seeking investments of $250,000 to $1 million to grow. These companies will span locations and industries, but share common traits: talented, committed entrepreneurs building defensible businesses that solve large, painful, and well-defined problems. VentureSouth targets investments capable of generating a 50% annual rate of return.
VSP’s first members have already joined. The group expects to be similar in size to the larger groups in the VS network. VSP plans to make its first investments this fall.