What Do Broad Street Angels Look for When Investing?

Well, for starters, they are not heavenly figures.

BSA is a group of angel investors that operates out of the stately Union League of Philadelphia in Center City. The affinity club is made up of over 100 accredited investors — that is, investors who meet certain criteria under securities laws, such as earning an annual salary of at least $200,000, that permit them to invest in private companies — who are also members of the Union League, a private social club.

The group was founded in 2016 with the mission to invest in early-stage startups in the mid-Atlantic region; in the past, that’s included the likes of Philly’s NeuroFlow and Baltimore’s Huntress Labs. Investments are made individually, but the group’s members support each other in assessing companies and doing due diligence. The members have a variety of professional backgrounds, offering expertise in multiple industries.