Rockies Space Fund is looking for great aerospace companies with venture-class returns to investors. This generally means that the company can return 10x over five to seven years. 
 
The following guidelines are just that - guidelines.  If your company doesn't perfectly fit everything described below, but it is still a strong venture capital qualified company, please go ahead and apply and let us decide!

Also, if you see a question that does not apply to you, but is required by the system, feel free to enter N/A into the answer space. However, if your application is incomplete and you entered N/A for your location, your application will be deemed incomplete and will not be considered. 

 

Rockies Space Fund generally prefers companies with operations in the Rocky Mountain Region, but will consider (and have led and invested in many) compelling deals from outside of Colorado.

 

Our deals are primarily equity-based, but convertible debt, revenue sharing, and other concepts will be considered case-by-case. Rockies Space Fund actively syndicates with other angel groups, VCs, and individuals to get deals done. Rockies Space Fund is happy to lead rounds, and our average investment is around $250K per deal, which is often part of funding rounds in the $1M-$2M range. 

Rockies Space Fund looks for opportunities that meet the following criteria:

Deal Stage: The company must be beyond the idea/concept stage. RVC is happy to consider companies that are pre-revenue. Still, the business should have a product ready (prototype, MVP, etc.) and ideally, but not necessarily, a clear strategy to generate revenue within the next 6 months. Applications will be evaluated case-by-case as it is understood that certain industries may not generate revenue before exit.

Exit Potential: The company can reach an Exit (a liquidity event for their investors, not a Founder's exit of the business) within 5 years or longer for some strategies. Companies ideally have an initial Exit Strategy that they view as a roadmap for their business. If companies do not have a strategy in place, RVC will help them develop one, but the group looks for companies aligned in their intention to scale and Exit within a 5-7 year timeframe.

Quality Team: Founders have a clear passion for the problem they are solving and are aligned with venture capital strategy. Experienced teams that have been Venture-backed previously and/or have Exit experience are weighed positively, though RVC also frequently backs unique, first-time founders. Teams with Advisory Boards and/or Boards of Directors lined up are also positives.

Strategy: Rockies Space Fund likes founders that are strategic thinkers who have a strong strategy in place for Marketing, a Go-to-Market plan, Scaling (Sales & Operations), Competitive Differentiation, Capital Plan, and Exit.

Deal Terms & Capital Plan: Ask and Deal Terms fall in line with standard preferences of RVC and ACA Angel Groups (i.e., companies looking to raise between $500K and $2M for a  preferred equity stake with a 12-24 month runway). The group prefers preferred equity rounds but will consider convertible notes when used appropriately. RVC will also consider asks that fall outside these ranges if it’s a compelling deal and the company shows significant traction.