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The Mid-Atlantic Legacy Fund is a venture capital organization dedicated to supporting innovation in the Mid-Atlantic region of the United States. Founded to address the funding disparities faced by entrepreneurs outside major metropolitan areas, the fund aims to provide essential financial support and resources to startups that have achieved specific operational milestones. This initiative seeks to create a more equitable distribution of the economic benefits of innovation.
Currently, the fund focuses on early-stage companies, particularly those that demonstrate defined operational milestones. The organization emphasizes transparency and mandates the use of AngelSpan’s Investor Relations service to facilitate effective communication between startups and investors. This structured approach ensures that startups maintain consistent engagement with their investors, fostering a supportive environment for growth.
The Mid-Atlantic Legacy Fund invests in early-stage companies that have demonstrated a defined set of operational milestones. The fund specifically targets startups in the Mid-Atlantic region of the United States, aiming to address the funding disparities that entrepreneurs in less populated areas often face. By focusing on these underserved regions, the fund seeks to ensure that the benefits of innovation are shared more equitably across various geographies.
Investment stages include Pre-seed, Seed, Seed+ (Extension), and Series A. The fund requires startups to utilize AngelSpan’s Investor Relations service for effective communication with investors, emphasizing transparency and ongoing engagement. This structured application process encourages startups to provide documentation such as product roadmaps and market analyses, ensuring they meet the necessary operational milestones for funding eligibility.
Claiborne Booker - Co-General Partner. Claiborne has extensive experience in venture capital and has been instrumental in guiding early-stage companies through their growth phases.
Amos Gilkey - Co-General Partner. Amos brings a wealth of knowledge in startup development and investment strategies, focusing on the Mid-Atlantic region.
Joe Milam - Venture Advisor. Joe has a background in technology investments and provides strategic insights to portfolio companies.
Alec Boggess - Venture Advisor. Alec specializes in operational support for startups, helping them navigate early-stage challenges.
Tom Goldstein - Advisor. Tom offers expertise in market analysis and business development, assisting startups in refining their strategies.
Hazel Evans - Advisor. Hazel focuses on financial planning and resource allocation for early-stage companies.
Lewis Baker - Advisor. Lewis provides mentorship and guidance on scaling operations and securing follow-on investments.
Startups interested in pitching to the Mid-Atlantic Legacy Fund should submit their applications through AngelSpan’s platform. It is essential to include a comprehensive deck that outlines operational milestones, market analysis, and product roadmaps. The fund encourages consistent communication and expects monthly updates from startups to facilitate ongoing support and engagement.
The Mid-Atlantic Legacy Fund has a structured application process for startups seeking funding. Applicants must demonstrate operational progress through defined milestones, which include providing documentation such as a product roadmap, market analysis, and legal incorporation details. Startups are also required to maintain transparency through monthly updates via AngelSpan’s Investor Relations service.
What are the investment criteria for the Mid-Atlantic Legacy Fund?
The fund invests in early-stage companies that have demonstrated specific operational milestones. Startups must show progress through defined metrics to be eligible for funding.
How can startups apply for funding?
Startups can apply for funding by visiting AngelSpan’s website. They must provide documentation including a product roadmap, market analysis, and legal incorporation details.
What makes the Mid-Atlantic Legacy Fund different from other investors?
This fund focuses specifically on the Mid-Atlantic region and aims to address funding disparities faced by entrepreneurs outside major metropolitan areas. It emphasizes transparency and requires the use of AngelSpan’s Investor Relations service for effective communication.
What is the geographic scope of the fund?
The Mid-Atlantic Legacy Fund primarily invests in startups located in the Mid-Atlantic region of the United States, targeting areas that are often underserved in terms of venture capital.
What kind of support do they provide post-investment?
The fund encourages ongoing communication through monthly updates via AngelSpan’s platform, indicating a commitment to supporting startups beyond the initial investment.
What stages of funding does the Mid-Atlantic Legacy Fund focus on?
The fund focuses on Pre-seed, Seed, Seed+ (Extension), and Series A stages, providing capital to early-stage companies that meet their operational criteria.
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