New York City has a talented entrepreneurial workforce, high concentration of educational institutions, and wide range of corporations, and continues to provide high quality seed-stage funding opportunities. Through our vast network of industry, academic and not-for-profit contacts and relationships, members of TSV have access to the latest industry trends and know-how. These relationships serve to generate deal flows as well as provide potential market opportunities for the entrepreneurs we work with.
Tri State Ventures seeks to identify investment opportunities from all sectors of the economy. Companies that TSV has funded range from healthcare (biotech, genomics, proteomics, bioinformatics, medical device and IT) to high tech products and services (wireless, infrastructure, photonics, communications, energy, B2B, and consumer products).
We believe there is a significant lack of truly "seed-stage" funding sources for young promising companies, and are set to squash the funding challenges that entrepreneurs with truly great ideas and teams face.
Founded in 1999, originally as Tri State Ventures LLC., Tri State Ventures (TSV) is a leading New York City-based angel investor group. In 2007, angel investors Sam Klepfish and Larry Haddock joined TSV to expand the focus and capabilities of the group. TSV brings together high net worth accredited angel and institutional investors with exceptionally-promising seed stage entrepreneurial investment opportunities. Our investment typically ranges between $25,000 and $500,000.
Seed funding helps companies with a new product or service launch.
Seed funding is most often confused with startup capital, but they are two different things. Seed funding is provided to help a business develop an idea, create the first product or offer the first service, and market the product for the first time. Companies that typically qualify for seed funding are generally so young that the key management team has not yet been assembled, or if intact, it was recently formed.
Seed funding is most commonly provided by angel or other private investors. When using an investor to gain capital, business owners/entrepreneurs will have to share control of the business with the investors and will also be required to share confidential business information with potential investors. Investors are also seeking to earn at least 25-30% on their money, so they ensure the business can provide at least that much of a return before going after an investment.