Alamo Angels
VelocityTX has partnered with its sister organization Alamo Angels, a premier network of accredited investors, to serve as a funding resource for early-stage bioscience companies. VelocityTX understands the power of bridging the funding gap can be a significant game changer in helping companies scale. Joining forces with Alamo Angels increases investment opportunities and access to investors interested in empowering the next generation of entrepreneurs.
Pitch to Alamo Angels
Early-stage bioscience companies are invited to pitch to Alamo Angels members. The application takes only 15 minutes to fill out. If selected, the companies go through a pitch coaching session to prepare for the pitch event. Alamo Angels pitch events are held monthly and only two to three companies are selected to attend.
While the investment criteria are up to each investor, the ideal company meets some of the following.
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High Barriers to Entry
Your company has intellectual property protection. You should have a uniqueness on the product or service with an innovative twist as a competitive advantage. You should know what problem your company is solving and how the solution solves it. -
Traction
Your product is developed or near completion and there are existing or potential customers who have confirmed they’ll buy the product. -
Scalability
You should be able to commercialize on large markets and demonstrate the potential for significant revenues and earnings in the next 3-7 years. You should know who your main competitors are and your key differentiators. -
Location
You can be located anywhere across the nation. However, a strong preference will be given to early-stage companies located in San Antonio or Texas. -
Management
You should have a strong management team with financial competence and a proven record for success. Your executive team should be open to receive and apply feedback. -
Skin in the Game
You should have made personal financial investments and/or have raised funding from family and friends. -
Deal Terms
Your company has an established legal entity, preferably not an LLC. Our investors prefer equity positions, convertible notes, or SAFEs. Preferred shares are preferable over common stock. -
Valuation
Your company has a reasonable valuation. -
Exit Strategy
Your company has a clear exit path.
