Frequently asked questions
WHEN IS THE CONFERENCE?
Screening Day will take place on September 25th and Selection Day will take place on November 13th, 2019.
WHEre IS THE CONFERENCE?
We are still in the process of selecting locations for the 2019 conference. Check back soon!
HOW MUCH DOES IT COST?
Accredited Investors commit a minimum investment of $1,500 to participate in the final investment but do not pay conference fees.
Companies pay a $50 application fee, 12 companies are then selected to present on Screening Day and 3 finalists will move on to Selection Day.
I AM NOT AN INVESTOR and I do not HAVE A COMPANY LOOKING FOR INVESTMENT, CAN I COME WATCH?
Screening Day: Only registered investors, selected companies, and sponsors are permitted to attend Screening Day.
Selection Day: Open to the public, no charge!
WHAT IF my company is selected for screening day but we fill OUR FUNDING ROUND before the conference begins?
We will refund your $50 Application Fee if you no longer have room in your investment round and do not wish to attend Selection Day.
WHAT ARE THE TERMS OF THE INVESTMENT?
If terms are already set and there is a lead investor already in, the investment will go in at those established terms. If not, they will be negotiated by the investors and the company.
THROUGH WHAT ENTITY DOES THE INVESTMENT TAKE PLACE?
One single entity: CAC19FUND, LLC
DOES THE INVESTMENT COME ALL AT ONE TIME OR IS IT OVER TIME BASED ON MILESTONES?
All at one time.
WHO WILL BE AT THE SELECTION DAY?
The Charleston community and participating investors attend Selection Day, which will consist of three pitches from our finalist companies along with the companies participating in the most recent Harbor Accelerator CoHort.
HOW DO I KNOW IF I AM AN ACCREDITED INVESTOR?
The SEC posts updated information about the definition of an accredited investor HERE.
The most common certifications come in the form of the following definitions:
Net worth over $1,000,000, excluding primary residence value, either alone or together with a spouse
OR earned income that exceeded $200,000 in the past two years, and reasonably expect the same for the current year
OR combined earned income with a spouse that exceeded $300,000 in the past two years, and reasonably expect the same for the current year