Back to Basics: why across the southeast?

Why “across the southeast”?

This balances two offsetting requirements.

1) Diversification. We make many investments in South Carolina because of where most of our groups are – but we can’t invest exclusively in deals in Charleston (let alone Spartanburg or Anderson) because there are not enough high quality opportunities in a small geography. Diversification is critical to early stage investing – and that means looking for the best deals across a sufficiently wide area.

2) Supervision. Angels make money by evaluating companies and helping them succeed. Companies based two states away from our members are much harder to supervise and assist, so reduce our chances of making positive returns.

So we settle on “across the southeast” – with almost all of our investments in the Carolinas and Georgia.