Angel investors are a great resource for early stage entrepreneurs as they can make decisions a lot quicker than larger institutions and they often bring great mentor value to your company, which is a huge asset. Angel investors are starting to pool their resources and create angel investment funds, which is a smart thing to do as opposed to having large amounts of capital tied up in a few deals.
The angel fund allows for diversification and a broader network of mentors to match up with portfolio companies.
Chattanooga, TN has a long history of breeding successful entrepreneurs and the Chattanooga Renaissance Fund (CRF) has been launched to regenerate wealth, promote entrepreneurship and foster innovation.
My guests this Tuesday are two of CRF’s General Partners, Charlie Brock and Jack Studer, who will share their entrepreneur stories and vision for CRF. Charlie and Jack will share their secrets to success and mistakes to avoid.
They will also tell us the type’s of companies they are targeting and the value they bring to portfolio companies.
Any companies seeking Angel funding will not want to miss this episode. Please goto our SBR Radio Show page to listen Live Tuesday March 8th at 1PM EST.
Charlie Brock is a Director of FourBridges Capital Advisors, a middle-market investment bank based in Chattanooga. He also serves as a director and organizer of CapitalMark Bank & Trust. Previously, he held marketing and sales positions with Brock Candy Company and its successor, Brach & Brock Confections. In 1998, he helped start Foxmark Media, growing it into one of the nation’s leading mall advertising companies. As the company’s CEO and largest shareholder, he structured two rounds of private financing before selling the company in 2006 to Australian based EYE Corp, one of the world’s leading out-of-home media companies.
Jack Studer attended Princeton where he studied Operations Research and Financial Engineering. He then worked for Credit Suisse in their Investment Banking Division, working primarily on M&A and IPO transactions for clients such as Google, Omniture, Blackstone, Oracle, HP and many others. He then co-founded DraftSpace, a document security SaaS company in London which was later sold to the Copal Group. He has continued to work with startups in various capacities, eventually founding his own Venture Capital firm, RainClif, which he currently runs.