The Rio Grande Valley and Texas benefit from having an organized group of angels that aid local entrepreneurs in need of capital and/or expertise to build their businesses. Angel investors are a necessary funding option that keeps the startup environment thriving. In south Texas there are high-net-worth individuals and family offices with business experience who are looking for investment opportunities and who enjoy being involved with entrepreneurial ventures. RGVAN provides a structured forum for such individuals to cooperatively vet and source deal flow.

Background

RGVAN was founded in 2015 by local investors and community leaders, who believed that early-stage investing could provide a meaningful return for investors while also spurring local economic growth. Individual members of the organization volunteered their time and expertise to review potential investments and assist entrepreneurs.

Management

RGVAN is an independent member-based organization. RGVAN has a part time Executive Director, and a fully engaged volunteer Board of Directors and leadership committees whose time, effort, and involvement allow RGVAN to fulfill its mission for investors and entrepreneurs.

Angel investors with diversity in many sectors and significant expertise
Over $ k
Investment to date
1
Funding cycles per year, in which applications are screened and evaluated by formal investment committees

Membership Requirements

  • Member candidates must complete the RGVAN Membership Application.
  • A Member must qualify as an “accredited investor” as defined under Rule 501 of the SEC regulations, which defines an individual accredited investor as: “Any natural person whose individual net worth or joint net worth with that person’s spouse at the time of his purchase exceeds $1,000,000”; OR “Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.”
  • Members should be willing and able to make a minimum investment of $5,000 per year. However, this investment is not a requirement for membership.
  • Membership should be diverse and represent different skill sets and experience to make the collective knowledge as broad based as possible.
  • New members must be sponsored by a current member.
  • Members must agree to abide by the terms and conditions of the RGVAN Membership Agreement.
  • Individual Members must pay a $650.00 annual membership fee.
  • Family Members must pay a $900.00 membership fee.
  • Professional Members must pay a $1,500.00 membership fee.

Membership Benefits

  • Deal flow: RGVAN hopes to attract a healthy pipeline of startup companies seeking early stage and accelerator stage investments. In addition, the group may be able to participate in the syndication of deals with other Texas angel groups through its membership in the Alliance of Texas Angel Networks.
  • Company Screening and Coaching:  Companies applying to present to the RGVAN will be pre-screened by the UTRGV Center of Innovation and Commercialization (CIC) staff against standards approved by RGVAN membership. Those companies that pass the initial screening will be interviewed and coached by the CIC staff and RGVAN screening committee before presenting to the members of RGVAN. The RGVAN screening committee has final say on who is allowed to present to the full membership.
  • Organization:  Quarterly or as needed meetings will be organized by the CIC, where companies will present, members will provide updates on portfolio companies, and due diligence updates made. The CIC staff will also maintain the website and online applications processes and provide other administrative and logistical support.
  • Best Practices: RGVAN will maintain memberships in the Angel Capital Association and the Alliance of Texas Angel Networks (ATAN). Training for members will be available through these and other sources to increase the success of the network and its members.
  • Portfolio Diversification:  As a result of ATAN membership RGVAN members will benefit from the ability to invest in a more diverse portfolio of startup companies and leverage the experience of the group and other angels from all over the state during the due diligence process.   
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