New angel investor syndicate coming to Charleston

It’s become a tired refrain, voiced by tech businessmen and economic development and university officials alike: Charleston needs more investment capital to grow to its potential.

Gavin McCulley has heard the talk and experienced the issue, both as a young man trying to open an Irish pub here and then as part of his own two-man angel investing team.

Trying to increase the action by bringing together more of Charleston’s wealthy individuals, McCulley, 34, was prepared to launch Holy City Angel Club in February. That’s when he happened to meet Eric Dobson, the chief financial analyst at the Kansas City, Mo.-based Angel Capital Group, at a downtown Starbucks.

“I can’t believe you’re trying to do what we do,” Dobson said when he learned of McCulley’s plan, the Charleston medical diagnostics salesman recalled this week.

After a little more talk, they struck an agreement: McCulley would launch an Angel Capital Group chapter in Charleston.

According to McCulley, entrepreneurs send their pitches to ACG’s central office where financial analysts like Dobson then vet the companies and draw up a report that analyzes the relevant market and intellectual property information.

See Friday’s editions of The Post and Courier or more details.

Reach Brendan Kearney at 937-5906 and follow him on Twitter at @kearney_brendan.

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