Charlottesville Angel Network

CAN sources primarily from within the Central and Northern Virginia startup ecosystems. Charlottesville's proximity to the University of Virginia provides a natural conduit for academic spinouts and Darden MBA-founded ventures. The group's Herndon node expands access to the Washington, DC metro area's technology sector. Individual network members also contribute deal referrals through their own professional channels.

CAN is a membership group, not a pooled investment fund. Accredited investors join the network to access shared deal flow and collaborative due diligence processes. Each member makes independent investment decisions and writes their own checks directly into portfolio companies. The network itself does not charge management fees or carry.

CAN does not publicly disclose preferred check sizes or minimum investment thresholds. As a membership network for individual accredited investors, individual commitments likely range from tens of thousands to low hundreds of thousands of dollars per deal. These figures are determined bilaterally between the investor and the company, not mandated by the network.

No formal partnership is publicly documented. Geographically and culturally, however, CAN operates in the same ecosystem that UVa's research output and Darden School of Business entrepreneurship programs feed. Many regional angel groups in university towns maintain informal ties to campus deal flow, and CAN's location suggests a similar pattern of adjacency without a structured agreement.

Regional angel groups routinely co-invest alongside other Virginia-based networks and early-stage venture funds. CAN has not published specific co-investment partnerships. Given its Herndon presence and Central Virginia base, natural co-investor counterparts would include other Mid-Atlantic angel networks and early-stage funds active in the Commonwealth.