The Fund is interested in early-stage companies, with principal operations in Texas. A company must be organized as a corporation, and must raise at least $150,000 in committed capital from Angels from an organized group, in order to be eligible for consideration by the Fund. The Fund invests in conjunction with a Texas-based Angel group, which are members of the Alliance of Texas Angel Networks. Deals that do not meet these criteria will not be considered.
The Fund seeks deals which will achieve an internal rate of return for the Fund of 25 per cent or more, and will provide full liquidity for the Fund within eight years.