Fourth Estate Angels
Investing in the future of the news business
The Fourth Estate Angels are a member led group of accredited angel investors who invest seeking venture rates of return in extraordinary entrepreneurs with new, unique and/or disruptive solutions at the intersection of journalism, technology, data and community.
Fourth Estate Angels contribute smart money into to the companies they fund and welcome the opportunity to actively work with entrepreneurs who are open to taking advice, yet have the intelligence and determination to make their venture successful on their own.
We invest in extraordinary entrepreneurs with new, unique and/or disruptive solutions at the intersection of journalism, technology, data and community.
Please note that there is a $25 processing fee for each application. This is the only fee we charge throughout our entire process.
Take a look at our basic investment criteria. If you believe your company meets our criteria, we would like to hear from you. You may submit an application for funding by Clicking Here.
The Fourth Estate Angels typically invests between $5000 to $250,000 with the following characteristics:
We like startups and early stage companies. Typically, we like to provide the first outside money that a company raises. However, we may also fund expansion rounds for early stage companies, particularly if we were the original investors.
We look for companies that can generate (or expand) revenue with a relatively modest amount of capital. Capital efficient companies run a tight ship and can take a round of capital and grow a profitable business within a few years. The quicker a company can produce revenue, the more excited we become about the opportunity.
We will consider investing in companies with new, unique and/or disruptive solutions at the intersection of journalism, technology, data and community. We like companies that address major problems for large target markets and possess highly scalable and efficient business models.
We invest in people. Talented people are the biggest driver of success. People are our single most important criteria in making an investment decision. We like relevant experience and track record, but passion, drive and unique insight are a must.
We prefer to invest in first-of-a-kind new ideas, rather than incremental enhancements to common products and services. However, we approach highly complex, esoteric technologies with caution. The concept behind the technology must be proven and verifiable. Further, we avoid science projects that don’t demonstrate a clear path to commercialization. Any breakthrough innovation must be accompanied by a strong business plan.
Companies must have features that distinguish them from potential competitors or provide barriers to entry that prevent other companies from capturing their customers with a similar offering. Companies must also demonstrate that these advantages are sustainable over time.
We typically only consider deals with pre-money valuations less than $500,000 for pre-revenue companies. However, if a company has existing revenues, we will consider deals with pre-money valuations that exceed $$500,000.
We invest in companies that could return at least 5X to 10X our investment within a three to five year window. This level of return on investment is essential due to the level of risk and the likelihood of failure among early stage ventures.
We prefer to invest in deals located in the United States but will consider any company located elsewhere if it presents a unique opportunity.