Red Stick Angel Network (RSAN) is a member-led angel investor network headquartered in Baton Rouge, Louisiana, USA, formed as a subsidiary of Innovation Catalyst to identify, vet, and aggregate capital from accredited angel investors to back early-stage companies in the Greater Baton Rouge area and across Louisiana. Its mission is to support seed and early-stage funding, mentorship, and ecosystem growth.

Pre-Seed / Seed: Active participation in seed and early rounds where angel capital fills the initial institutional gap.
Series A: Angels individually or collectively may participate in follow-on or bridge financing depending on member interest; the network itself focuses mainly on early rounds.

Typical Check Size: Angel group syndications generally involve individual member contributions — often in the range seen for angel groups (e.g., $25K–$250K per investor) — though exact amounts vary by deal and member participation.
Typical Ownership Taken: There’s no publicly disclosed fixed ownership target specific to Red Stick, but angel group investments tend to result in founder dilution within the angel round norms. This means:
• Collectively, angels often own ~10–25% of the company in an early round when they are the primary external investors (industry norm).
• Individual angels (even within a network) typically hold ~1–10% each depending on round size and company valuation.
Since Red Stick invests via member aggregation, total dilution from the network’s participation in a single round generally fits standard seed angel ranges rather than a fixed group take. (Angel groups vary by deal and co-investors.)
Equity Structure: Terms are negotiated deal by deal (preferred, SAFE, or convertible notes typical).
Board/Governance: Standard angel practice is minority positions without formal control, unless a founder and investors agree otherwise. 

Submission Method: Founders can apply via Innovation Catalyst’s platform or pitch events; Red Stick Angels review through screening and member interest. 
Lead Requirement: No strict requirement — members choose participation and deal terms per deal, and syndication with other angel groups is common. 

Sector Focus: Broad early-stage ventures with high growth potential; network prioritizes scalable tech, innovation, and strong business models.
Geography: Strong preference for Louisiana-based companies (especially Baton Rouge region) while being open to companies tied to the state ecosystem.
Stage: Seed and early funding stages.
Team: Founders with strong execution capability and scalable vision. 

Initial Screening: Review of pitch deck and business fit with investor interest. 
 Member Review: Interested members conduct diligence and discuss in investor meetings. 
 Term Negotiation: Terms negotiated with founders based on valuation and participation level. 
 Closing: Angels commit individually or via pooled documents depending on network practice. 

Strategic Capital: Early angel funding from a network of accredited investors. 
Mentorship & Connections: Access to coaching, industry connections, and local ecosystem support through Innovation Catalyst and Nexus Louisiana. 
Follow-On Support: Members and partner groups may participate in subsequent rounds as companies mature.