SideCar Angels I, LLC is a Boston-based angel group that offers its members the opportunity to participate in investments vetted by excellent angel groups, micro-venture capital funds, and “super angels,” at the same price and terms. SideCar’s goal is to provide a substantial source (at least 6 figures) of additional funding for early stage companies promptly after the company’s presentation to SideCar.
Boston is home to some of the nation’s most sophisticated angel groups, micro-VC funds and other investors in early stage companies. The due diligence conducted by these organizations, as well as the terms and pricing of their deals, is of the highest quality.
Angel groups, micro-VC funds and others regularly look to “syndicate” their deals with other investors in order to (a) spread risk, (b) assemble the full amount of investment required by each company, and (c) most importantly, be able to diversify investments among a larger number of companies.
SideCar Angels adds power to the early stage investment community by providing a fast-response source of funds to complete investment rounds. Funds have been delivered to portfolio companies within two business days after the company’s presentation to the group.
For its members, SideCar provides a vehicle to participate in these investments on the same terms and at the same price as the source group. This makes SideCar ideal for:
- Investors who want to participate in the “start-up company” asset class but lack the time to undertake all of the duties of a member of a traditional angel group.
- Active angel investors who wish to efficiently increase diversification (in terms of number of companies and/or areas of technology) by participating in investments with other groups and funds in which they cannot otherwise participate.
SideCar Angels will also offer its members networking opportunities and educational programs on technology investing and business trends. Membership is by invitation only.