Funding for experienced entrepreneurs launching businesses later in their careers.
The 2nd Bloom Angel Network was built on two emerging trends:
Demographic Changes
By 2050, over half the U.S. population will be 40+, and for the first time in human history, 65+ year-olds will outnumber those younger than 18. As a result, the number of founders aged 50+ is expected to quadruple.
Founders above the age of 50 are 1.8x more likely to achieve upper tail growth than founders in their 30’s. However, most VC dollars still go to younger founders. In extensive interviews conducted with this demographic, one key finding sticks out: 2nd Bloomers are more interested in raising money from angels in their network than traditional VCs.
Funding Disconnect
Our Strategy
-
We are looking for founders with at least 20 years of experience.
We invest across all industries and have no sector-specific focus.
-
We invest $50,000 to $250,000 at the pre-seed, seed, and series A stages. We do not lead rounds, and we aim to make between 1 and 2 investments per quarter.
Our minimum Angel contribution per-deal is $5,000. Angels must be accredited investors.
-
We’ve built a robust network of angels, industry experts and advisors. This network not only supports our founders as they navigate scaling their businesses, but also plays a critical role in supporting our diligence process.
Get in Touch
We support entrepreneurs with 20+ years of experience with seed capital and advisory support from our network.
Some of you may be itching to jump into your 2nd bloom phase and have a terrific idea. Contact us to see how we can work together.
Companies started by founders in their 2nd Bloom
“The average age of people who founded the highest-growth startups is 45.”
– Age and High-Growth Entrepreneurship, MIT 2019