Venture In The South

E73: The Atlanta Tech Angels

VentureSouth Season 2 Episode 73

The Atlanta Tech Angels has been one of the most successful seed stage angel groups in the Southern US. They are focused on tech startups and typically lead rounds of $300k – $750k, generally a convertible note with 6% interest, 20% discount, and a valuation cap between $2M – $6M while also participating in a variety of syndicated angel deals. ATA's minimum expectation for investment is a complete or near-complete prototype product but they prefer a product in Beta stage with pilots or better still, a fully-developed product with initial revenue and demonstrated customer interest. ATA Members may invest selectively in deals that interest them and via the ATA Serles LLC, their sidecar co-investment vehicle. Jay and Matthew are 2 of the volunteer leaders of ATA and walk us through the ATA experience.

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