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Welcome
to the Chesapeake Emerging Opportunities Club, LLC (the "Club").
The Club is a manager-led Maryland limited liability company
angel investing fund. The Club was organized to provide its
members an opportunity for active involvement in an early-stage
private equity fund.
There
has been an explosion of emerging businesses in the Baltimore-Washington,
D.C. region in the life sciences, Internet, telecom, and optical-networking
industries, among others. However, there is a shortage of
early-stage risk capital in the region, especially in Central
Maryland where the Club is located.
The primary
focus of the Club is to invest in early-stage companies with
significant growth potential that operate in large markets,
are run by talented management and are located within a two-hour
drive of Columbia, Maryland. The Club co-invests with established
venture capital firms, other angel investing clubs and other
sources of capital when practical and takes a lead in investments
at other times.
The Club
initially invests an average of $150,000 to $200,000 in a
portfolio company, with the possibility of follow-on investments.
Potential additional investments from Club members could increase
the initial investment amount to over $400,000. The average
initial investment to date, including member investments,
has been in excess of $180,000. The Club generally invests
in the form of preferred stock or equity-enhanced subordinated
debt. At this time the Club is fully invested and is not making any new investments.
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