Information for Entrepreneurs

Tri State Ventures is actively seeking great startups to fund. Providing more than just money, TSV brings connections, knowledge, mentoring, and operational assistance to bold early-stage entrepreneurs with game-changing ideas. Let us help you to turn your vision into a sustainable and successful business.

Tri State Ventures is ever-mindful that some of the worlds greatest companies began with angel investments and we take our commitment to that tradition seriously. The members of TSV collaborate with each other on due diligence and then make individual decisions regarding potential investments.

TSV is focused on seed-stage companies with high-growth potential, strong management teams, defensible business plans, proprietary intellectual property, and large target opportunities. We are equity investors and like other early-stage investors, after investing we expect to hold a minority position of between 20-35% in your company. This of course is subject to negotiation.

TSV does not charge any fee for processing your application.
Tri State Ventures will respond to all applicants within two weeks of our next meeting date.

  • Investment Criteria

    TSV members invest in companies in the Northeast United States with the potential to rapidly scale into market and financial leadership. This usually implies potential for high growth, a strong market position, and a sustainable advantage. Specifically, members look for:

    • Companies with valuations no higher than $1.5 million, especially if they have little to no revenues.

    • A compelling, well articulated strategy for capturing and defending a significant market share.

    • Proprietary technology or other strong barriers to entry.

    • Strong management (not necessarily a complete team) with relevant and successful experience.

    • An exit strategy for the investors.

    • A desire for advice and coaching.

    • A realistic company valuation that fits within risk/reward expectations for the investment.

  • Screening Process

    TSV has developed a comprehensive screening process to help members make investment decisions.

    To be considered for review by our members, please submit an application. TSV members accept only electronic submissions. Do not include confidential information. Neither Tri State Ventures nor its members sign Non-Disclosure Agreements for initial proposals. If there is sufficient interest, an NDA may be negotiated with individual members at a later time.

    TSV staff members perform an initial screening of the application to ensure it is within our scope of interest. Later, up to four pre-screened companies present to a panel of angel investors at our monthly meeting. Each presentation consists of ten minutes of PowerPoint and ten minutes of questions and answers.

    Due diligence is conducted by individually interested angel investors, and consists of verifying representations by the entrepreneur, speaking with customers, reviewing agreements and patents (if any), checking references, backgrounds, etc.

    Once due diligence is satisfactory, a term sheet will be offered. TSV members' terms of investment follow fairly "standard" terms for financings developed over the years by VCs and other sophisticated investors.

  • Use of Funds

    TSV members look for opportunities where the capital sought will take the company to the next level, and materially increase its valuation. TSV investments often bridge the gap between proof of concept to a second round. A company must be able to demonstrate how it will use members' investment to complete at least some of the following:

    • Proof of concept
    • Prototype of its product or technology
    • Patent filing (for broad patent)
    • Product development
    • Market research
    • Product launch
    • Major contract or customers
    • Management team
    • Reduce other investment risks
    • Screening Process