Description
Rio Grande Valley Angel Network (RGVAN) is a member-led angel investor network based in Weslaco, Texas, USA, focused on early-stage seed funding and support for entrepreneurs primarily in the Rio Grande Valley and broader Texas region. It connects accredited angel investors with founders through quarterly pitch meetings, mentoring, and investment opportunities.
Pre-Seed / Seed: RGVAN members invest in early-stage startups with developed products or prototypes and real growth potential; it is structured more like a regional angel syndicate/network rather than a formal VC fund.
Series A: Angel members may participate individually in follow-on rounds, but RGVAN’s core activity is seed / early engagements.
Typical Check Size: Not publicly standardized by the network — investments come from individual accredited members who choose to fund deals.
Typical Ownership Taken: No fixed % ownership is publicly stated, because RGVAN is a network of individual angel investors, not a single pooled fund that sets uniform terms. Each investor or syndicate within a deal negotiates terms (equity %, instrument, etc.) directly with the founder.
Industry Norm for Similar Angel Groups: In early seed rounds backed by local angel networks, collective angel dilution often falls in the ~10–25% range across all angel investors, with individual angel stakes commonly ~1–10% depending on valuation and round size.
Equity Structure: Could be priced equity, SAFE, convertible note, or convertible debt, depending on what the founder and angel investors agree; RGVAN’s role is facilitating introductions and pitches, not setting a uniform instrument.
Board/Governance: As a minority investor group, governance rights are determined deal-by-deal; typical angel participation does not entail control. Standard angel practice limits board seats/observer roles to larger individual investors.
Submission Method: Founders submit an application via RGVAN’s online platform for funding consideration and pitch events.
Regional Pitch Nights: RGVAN hosts quarterly pitch nights where pre-screened startups present to members and field questions.
Screening & Coaching: Startup applications are pre-screened and coached (often with assistance from UTRGV’s Center of Innovation & Commercialization) before member presentations.
Eligibility
Sector Focus: Broad industry interest, open to high-growth early-stage companies with scalable business models; specifics vary by investor interest.
Geography: Rio Grande Valley / Texas focus, though non-local companies may present if aligned with member interest and regional impact.
Stage: Pre-seed/seed with a working product or prototype, early traction, and prepared pitch.
Team: Founders with strong execution ability and clear growth potential.
Process
Initial Intake: Application review for product, traction, and business plan quality.
Screening Committee: Pre-screening and interview with select members/committee.
Pitch to Members: Present to RGVAN investors at a scheduled meeting.
Due Diligence & Deal Structuring: Individual investors conduct their own diligence and negotiate terms with the founder; RGVAN as a whole does not set terms.
What an Applicant can Obtain
Strategic Capital: Access to accredited angel investors’ capital via member participation, collectively supporting early commercial progress.
Mentorship & Network: Connections to seasoned entrepreneurs and business leaders in the RGV ecosystem.
Pitch Preparation Support: Pre-presentation coaching and feedback through RGVAN’s screening process.
Follow-On Paths: Individual angels may help introduce founders to broader syndicates or later-stage investors.