Process

Our team reviews applications as they are received.

Entrepreneurs can expect a response to their initial application within 1-2 weeks.

Should a company meet our initial qualifications, the Fund screening team will request a 30 minute introductory call to further assess the opportunity.

During this call, the entrepreneur can expect to speak about key components of their business model while informally presenting their investor deck via either Google Meet or Zoom.

Should the screening team decide to move a company forward after the Pre-Screen Introductory Call, then the Fund will request a 1 hour presentation to our Screening Committee.

Entrepreneurs can expect to receive an invitation to screening meetings within 1 week after the Pre-Screen Introductory Call.

Screening meetings are held the 2nd and 4th Monday of each month via Zoom.

Should a company receive approval from the screening committee, the Fund will invite them to present in-person at our monthly member meeting.

Member meetings are held the 2nd Thursday of each month at 5pm at the First Flight Venture Center in Research Triangle Park, NC.

Entrepreneurs will be provided guidance and instructions regarding the pitch process and presentation expectations.

After presentations at the monthly meeting, the members will vote on whether to move the presenting company to the Due Diligence phase.

Should a company be moved into the Due Diligence phase, the entrepreneur will be asked to provide a data room to the Fund’s Due Diligence committee for review

Entrepreneurs can expect this process to take approximately 4 weeks.

Once Due Diligence is completed, the Due Diligence and Management team will make a recommendation regarding whether an investment should be made and if positive at what amount .

The investment recommendation will then be shared with the membership for a vote.

A 2/3s (67%) majority vote of member units is needed to proceed with an investment.

If a company receives a successful Due Diligence recommendation, then the Fund will request a term sheet and enter into deal negotiations.

Should the Fund and the entrepreneur reach mutually satisfied deal terms, then the two parties will initiate the closing process.