South Carolina’s newest investor network, the Lowcountry Angel Network, just launched for accredited investors seeking to invest capital and expertise in promising early stage ventures in Charleston and coastal South Carolina.
“As the entrepreneurial ecosystem in Charleston grows, we see increasing demand among potential investors for access to deal flow and structured investment processes,” said Josh Silverman, managing director of the Lowcountry Angel Network.”
The Lowcountry Angel Network is a membership-based group of experienced angel investors, entrepreneurs, successful business and community leaders, and professional experts across diverse business services. They are not an investment fund, but rather a network of investors who make individual investment decisions after working together to evaluate candidate companies. The group is looking to invest in innovative startups that have the potential to disrupt and transform markets.
Members help screen and evaluate potential portfolio companies. They also serve as a valuable resource for guidance, mentorship, and advice to entrepreneurs and their businesses once an investment is made.
As an affiliated member of the South Carolina Angel Network (SCAN), the Lowcountry Angel Network will work closely with other established angel networks in Columbia, Greenville, Spartanburg and Asheville. Affiliation with SCAN allows the group to share high-quality deal flow and due diligence expertise from some of South Carolina’s most successful business leaders under the proven angel investment network model operated by SCAN. The flagship affiliate of SCAN, the Upstate Carolina Angel Network, was ranked in the top 10 angel investment groups in the United States last year.
“Charleston has one of the most dynamic and growing entrepreneurial ecosystems in our state, with many accomplished investors who are eager to help fund its growth,” said Paul Clark, co-director at SCAN. “We look forward to combining the angel investment infrastructure we have created across the state with the talented entrepreneurs here in the Lowcountry.”
As the Founder and CEO of Jericho Advisors, Silverman brings significant experience in helping entrepreneurs to build strong companies and communities, and he knows the importance of collaboration across the entrepreneurial and investor ecosystem in Charleston. He says,”We also realize the importance of connecting with other investors across the state to aggregate more capital around the best opportunities emerging from the ecosystem.”
Twenty members have already signed up and he anticipates expanding membership to 50 by the end of the year.
Membership benefits include:
• High-quality, curated early-stage investment opportunities
• Angel-led due diligence teams working in proven professionally-managed due diligence process
• Favorable deal terms with efficient transaction administration and ongoing portfolio monitoring
• Exposure to the best ideas in new technologies and talented entrepreneurs
• Chance to drive economic growth in your community
• Comprehensive investor education
• State-wide angel investor network that increases the collective intellectual and financial firepower of the group – leading to better investments and more-complete funding rounds, to give the best possible chance at making attractive financial returns.
Silverman will host the first of two meetings for interested investors and sponsors to learn about the group’s objectives and processes:
March 11 at 5:30 pm at Jericho Advisors in West Ashley and March 25 at 5:30 pm at the Daniel Island Club on Daniel Island.
“We’re looking for experienced investors as well as those interested in learning more about angel investing. Good angel investments generate a positive financial return for investors, have a beneficial impact in our community by supporting scalable businesses, and offer fulfillment for our members as they lend experience and mentorship to fledgling ventures,” said Silverman.