What we don’t typically invest in

The Southwest Angel Network normally does not typically invest in:

  • Class III medical device companies
  • Investment funds
  • Consumer packaged goods, foods or nutritional supplements
  • Services-based companies, as opposed to product-based companies. Services companies face challenges in scaling significant revenue
  • B2C companies serving the local market AND where many competitive alternatives are readily available to the consumers. A new fitness club or a food-delivery service might be examples.
  • Venue-based businesses
  • Companies whose basic mission is to solve a problem experienced by most businesses, and where the solution can incidentally also be used for social-impact purposes
  • Socially-responsible companies who are not addressing a significant societal challenge as a primary company mission
  • Companies whose sole social-impact is limited to sharing a portion of their profits with charities
  • Companies outside of Texas (unless you have a signed term sheet from a sophisticated lead in your home region who will have a board seat)
  • Companies whose business success is dependent upon an ICO (Initial Coin Offering)