Frequently asked questions about Rockies Venture Club
Do I have to pay to apply to pitch? No, never!
Do I have to take the Pitch Academy to apply to pitch? No, but I have to admit it helps us to see that you are ready to pitch if you pitch in the class. If you take the class, then get accepted, we do suggest you come back and pitch in class again (for free) to get more feedback.
Do I have to pay for Pitch Academy AND the ticket to the pitch event? No. When you are selected to pitch at a monthly RVC event or semi-annual conference, you a provided a free pass to both the RVC Pitch Academy and the entirety of the event.
Do my teammates have to pay for their tickets to see me pitch? Yes. If you are a member, you can register them all at your reduced member price.
How many investors usually come to the pitch meeting? There’s generally 40-50 investors in a room of 100 and up to 100 investors at the bigger conferences with 300+ people.
What is the “Funding Mastermind”? Mastermind groups are held monthly to help entrepreneurs with their funding strategy. Free to members at all levels, it is a great way to get regular free consulting from experts and your peers.
Do you take a cut of the deal when investment happens? No, never! It’s not legal to do that unless you are a broker-dealer, which RVC is not. RVC does put together investment syndicates into a single purpose LLC which can have a carried interest, but no cut of the investment dollars raised goes to RVC. It all goes to the companies raising the capital to fuel their growth.
Do you take a finder’s fee? Again, not legal! See above.
How do you make money? Through classes, memberships, ticket sales, and sponsorships.
Why do people become members? There’s an economic incentive. If you buy the keystone membership, everything is free for you and a partner for the year. Basic members get 50% off monthly pitch meetings. I think it’s also to be part of an organization that has been a fundamental part of the Angel investment community in Colorado.
How do I become an “accredited investor”? Accredited Investors have a net worth of $1 million or more excluding their primary residence or income of $200,000/$300,000 per year for single/married investors. Accredited investors are invited to attend RVCs regional angel forums in Denver, Boulder, Fort Collins and Golden. There is no requirement to invest and RVCs investors choose the deals they want to get involved with on a deal by deal basis.