Alleycat
OCC Account
Corporation Name: S&M Venture Group
Headquarters: Denon
Locations: Denon City, Denon; office located in the Stark Tower
Operations: Angel investing with entrepreneurs.
Rationale: After Sasha Voss sliced the GoFundMe Virus into the banking system of the Galactic Monetary Fund, the credit-skimming scheme produced around 200 million credits a week without compound interest. In all, the total amount came to about 15 billion a year, which was in turn split up in thousands of accounts across the galaxy, and invested in hundreds of companies. S&M Venture Group is a means for that.
Tier: 1
Description: S&M Venture Group is a Denon-based angel investment group providing seed funding and advise to start and early-stage companies principally in the health, beauty and entertainment industries. In exchange for the investment, S&M will take part of the equity in the firm. They will not, however, have a say in the day to day operations of the firm rather only a mentoring relationship with the owner. S&M capital fills the gap in seed funding between "friends and family" and more robust start-up financing through formal venture capital. Although it is usually difficult to raise more than a few hundred thousand credits from friends and family, most traditional venture capital funds are usually not able to make, or evaluate, small investments under $1–2 million. Thus, angel investment is a common second round of financing for high-growth start-ups, and accounts in total for almost as many credits invested annually as all venture capital funds combined.
Subsidiaries: None
Parent Corporation: N/A
Primary Source: N/A
