WSPR provides seed-stage funding to companies based in, or committed to relocating to, the greater Winston-Salem area.
Investment Profile
Typical investment size of $100K – $300K
Convertible notes or preferred stock
Will lead, co-lead, or follow
Board seat: in some cases where WSPR is leading an investment round, WSPR may request a board seat or observer seat.
Criteria
Companies must be based in, or committed to relocating to, the greater Winston-Salem area of North Carolina
Compelling customer problem
Compelling and defensible solution
Large addressable market; regional, national, or global in scope
Business model scalable with speed and capital efficiency
Focused go-to-market strategy
Led by talented, trustworthy, determined and resourceful management team
Industry agnostic, with preference for industries in which WSPR membership has expertise. This includes healthcare, IT, data analytics, apparel, education, virtual reality, automotive technology, and unmanned aviation, among others.
Credible exit opportunities within 5 year time horizon
C-corporation entity type
Process
Contact hello@wsprfund.com for information regarding application submission.
Qualified applicants are screened by the WSPR leadership team.
Selected companies are then invited to pitch in person to the entire WSPR membership.
After due diligence, WSPR makes a final investment commitment, and participates in the investment as a single entity on the company’s cap table.
Learn More: https://wsprfund.com