Today we have Greg Brown, Administrator of the Charlotte Angel Fund I and Charlotte Angel Fund II as well as owner of Cardinal Finance – a fractional CFO firm – back on the podcast. Some of you may know but the Charlotte Angel Fund I just recently closed for new investments. And I wanted to get Greg back on the podcast to talk about the fund I and fund II. Additionally, it’s been 16 months since we spoke with Greg so a lot has changed in terms of the startup community and the angel community here in Charlotte. I thought it would be fun to get his perspective.
In today’s podcast, I want to spend a fair amount of time talking about Fund I and Fund II. What was learned? How the investments are playing out so far. Where the investments were made and just spend some time on that part of the world. In our second part with Greg we will dig more into the entrepreneurial ecosystem here in Charlotte.
Today we discuss the following:
How many members and capital did Charlotte Angel Fund I end up with at the end? What was the make-up of those members?
How many investments did Fund I end up making? What was the makeup of them from an industry perspective? How about location?
What’s the status on these investments? Have any of them sold, raised additional money – or worse gone out of business?
As the fund administrator, what is Greg’s role in the investment process?
Why is Charlotte a difficult market right now for companies looking to raise capital? How many funds can Charlotte support before it becomes oversaturated?
Next week, we turn our attention to the Charlotte startup scene and how much it has developed since Greg started Charlotte Angel Fund I – and even since our first interview with Greg (which happened to be episode #1).
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