An overlooked attraction of angel investing, compared to most other asset classes, are the fun tax rules around gains and losses on early stage investing. Sounds odd, but it’s true. As we discussed in our guide to angel taxes, the gains from angel investing are often...
Devon Smith
VentureSouth Invests Over $10M In 2021 As Part of A Record Year of Angel Investing
Greenville, S.C. – Despite the challenges brought on by the pandemic, VentureSouth is proud to announce another strong year of investment activity, with over $10 million invested in 30 early-stage companies in the Southeast in 2021. VentureSouth members invested in...
VentureSouth Recognized Again as a Top 10 Angel Group in North America
Greenville, S.C. – VentureSouth is proud to announce its recognition as a top 10 angel investment group in North America for the third consecutive year, and fourth time overall. The ranking was revealed as part of the 2020 Angel Funders Report issued by the Angel...
VentureSouth Leads Investment in OneDigitalTrust
Greenville, S.C. – VentureSouth is pleased to announce its recent Series Seed investment in OneDigitalTrust, a McLean, VA-based EstateTech platform. OneDigitalTrust allows users to digitally create and update their personal estate plans through all of life’s stages....
6AM City and Pass it Down announcements
VentureSouth portfolio companies 6AM City and Pass it Down announced big news over the past few weeks. 6AM City issued a press release announcing they will triple in size following the $5+ million they raised in their most recent round. Pass it Down issued a press...
Rolling Funds in the Southeast
One of the questions investors often ask startups is “who else is doing what you are doing?" So it’s only fair that RollingSouth tackles this question too. Since they were launched in February 2020, there have been dozens of AngelList Rolling Funds – many of them on...
Summing Up
So to sum up, Rolling Funds have some attractive new features, like the public fundraising and the flexibility on subscribing and when you invest. But they are fundamentally not that different from what VentureSouth (and other angel groups) have offered for years....
Comparing Angel Groups to Rolling Funds: The Concerns
Next, let’s consider some of the challenges and concerns with Rolling Funds, and see how they compare to angel groups. General solicitation: Rolling Funds are publicly solicited, which comes with some implications. The first is that an investor must prove he or she is...
Comparing Angel Groups to Rolling Funds: The Positives
Almost all comparisons of Rolling Funds compare them to traditional venture capital funds; we haven’t found anything that compares Rolling Funds to angel groups. That is odd, because there are a lot of similarities. First, let’s look at the positives of Rolling Funds...
What’s so innovative about this model?
First, the public solicitation is unusual; not new exactly, because there are dozens of funds (including the first VentureSouth Angel Fund) that raised capital publicly under Rule 506(c) (see our article here), but still somewhat unusual. Second, the “rolling model”...