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awmcclellan
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awmcclellan

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1 Reviews 1.0 avg rating

1 Reviews

Central texas angel network Central texas angel network Reviews 10
1 year ago

Not friendly to manufacturing companies

Wish they'd be more open and honest about not investing in manufacturing companies. Turned into a waste of time for us.

I'm not sure what they have against manufacturing, seems like they want companies that sell CPGs but not those companies that make CPGs? It's really weird.

According to them, the need to have a manufacturing facility and manufacturing equipment classifies us as a "real estate" company, and therefore an auto rejection by CTAN.

Attempting to get clarification for the bizarre classification only got even odder responses. Basically came down to them saying: using a small portion of funds for manufacturing equipment and leasing a manufacturing facility is investing in "real estate" not investing in the products themselves.

Not only am I lost on how that equals real estate, but I'm completely confounded on how one could invest in the products we make but not in us being able to make the products.

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awmcclellan

Reviews1
Average rating1.0 ★
Member sinceSeptember 2024
5 ★ 0
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1 ★ 1

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