1WHAT IS AN ANGEL INVESTOR?
Angel investors are individuals who invest in early-stage companies in exchange for equity or convertible debt. Angels often offer their guidance and expertise along with their funding. In recent years, angel investing has expanded to include groups of investors who each contribute smaller amounts in order to make a bigger impact.
2WHY DO WE NEED AN ANGEL NETWORK IN MYRTLE BEACH?
In order to have an effective entrepreneurial ecosystem here in the Grand Strand, we need an organized group of local angel investors who share our dream of building a diversified local economy beyond tourism. GSAN is being set up to fill that gap and provide our local entrepreneurs the ability to seek and receive needed capital from locally based investors along with their mentoring and guidance. As our companies grow and succeed, they will create high paying jobs so that our local talent can stay local vs moving out of the market for better paying jobs. Our ecosystem will be made up of eMYRge, the HTC Aspire Hub, GSAN, and local government and industry leaders all collaborating together to build a strong economic future for the broader Grand Strand area.
3WHAT ROLE WILL GRAND STRAND ANGEL NETWORK MEMBERS PLAY IN THE COMPANIES THEY INVEST IN?
In addition to being shareholders in portfolio companies, Grand Strand Angel Network’s members will provide support and guidance for portfolio companies based on experience and expertise. This could include advice on business strategy and tactics, introductions to potential customers or partners, assistance with recruiting, and facilitation of future financing rounds or exits. When appropriate, members may be asked to serve on the board of directors of portfolio companies.
4GOT ANOTHER QUESTION?
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