86 of the nation’s largest 100 metros have either seen their share of the national (digital service jobs) sector go sideways or actually shrink since 2010.
– Brookings Institute
Startup CEO’s now have a defined, transparent path to funding and no longer have to search for funding outside of their hometown.
With a clear path to funding, entrepreneurs can dedicate more time to building their business and fostering relationships with those that care about their success rather than spend an exorbitant amount of time trying to entice investors.
Entrepreneurs should be visible to local investors in a way that rewards transparency and execution. A local funding vehicle provides entrepreneurs with access to investors that care about investing in their community.
Empowered to attract and serve donors of multiple generations that want to increase their impact on their communities, principally through Place Based Impact Investing.
Want a better way to allocate their “legacy capital” that is more economically rewarding for their community and themselves.
Need a solution to confirm their role as leaders in contributing to their community’s economic growth and vibrancy.
The Legacy Funds will provide a technology platform (‘Venture-as-a-Service) and brand to license standardize, localized, venture funds around the country.
Each licensed fund will leverage the cloud-based infrastructure of
and other resources to eliminate the burden of fund formation and management.
As a result, more investors in more communities can leverage the funding infrastructure to support innovation in the communities they care about.
An expectation of proper transparency from startups seeking investment before funding, leveraging the research that confirms the link between transparency and startup performance.
Leveraging the research showing 100 companies equally weighted is the optimal seed fund structure.
Rather than merely picking companies, we filter them for funding based on consistent, transparent milestones that de-risk the selection for the fund without adverse signals of over-weighting or under-weighting investments.
Inclusion of both QSB §1244 and §1202 to optimize the after-tax risks and returns.
Each Legacy Fund will be established in specific regions (states, cities, towns), availing local entrepreneurs an on-line, transparent path to funding in their most localized Legacy Fund.
The Legacy Funds will present a transparent and efficient path to funding for entrepreneurs. The criteria to qualify for funding will be clearly outlined, thereby eliminating most of the subjectivity associated with current funding processes.
Due to the required use of AngelSpan’s best in class Investor Relations Service, the funded entrepreneurs will also have a built-in list of investors (the Limited Partners) that will have access to the Monthly Updates – should those investors want to invest directly in the startup outside the fund.
This white paper describes how The Legacy Funds provides a more efficient path to funding for more startups and investors have access to venture funds that can deliver better risk-adjusted, after tax returns.