- August 17, 2018
As the largest angel-fund organization in the Florida, Tamiami Angel Funds has considered close to 5,000 investment ideas from entrepreneurs seeking funds to grow their early-stage companies since we were founded in 2010.
Because we manage four angel funds and have recently surpassed $25 million of invested capital across 38 portfolio companies, the members of Tamiami Angel Funds have a special perspective on what it takes to earn our backing.
Although a highly risky asset class, angel investing is an important source of financial support and mentoring for new and emerging-growth businesses. Our investors help entrepreneurs before they seek venture capital but after they’ve exhausted money from friends and family.
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Our members are high-net-worth individuals or family offices who qualify as accredited investors. Across all four funds, our members place bets with their own capital and provide mentorship to our entrepreneurs in the startup phase of a business. The origin of the term angel investor can be traced to Broadway productions in New York City in the early 1900s, where such individuals funded large theatrical shows. The concept migrated to Hollywood for movie productions and ultimately to Silicon Valley. The term is now ubiquitous in the entrepreneurial landscape associated with emerging and fast-growing technology firms. By contrast, venture capitalists invest other people’s money in later-stage companies.
As Florida-based angel investors, we consider these the five most important investment considerations of an early-stage business:
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If you’re an entrepreneur who has exhausted friends and family funding and grown your early-stage business to the point where it meets our criteria, you will want to pitch our investors. Consider these tips to prepare:
Tim Cartwright is chairman of Tamiami Angel Funds, general partner of Adrenaline Venture Fund and partner of Fifth Avenue Family Office in Naples. He is also a director of the Florida Venture Forum and chairs the Florida Venture Education Foundation.