First Run Angel Group FAQs
The First Run Angel Group (FRAG) is our member-based angel network of founders, operators, and investors focused on early-stage consumer food and beverage investing.
Learn more about how it works below.
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The First Run Angel Group (FRAG) is our member-based angel network of founders, operators, and investors focused on early-stage consumer food and beverage investing.
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FRAG is designed for accredited investors, founders, and operators who want to engage with early-stage food and beverage companies. All members must meet the SEC’s accredited investor criteria.
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Deals primarily focus on early-stage consumer food and beverage companies.
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We aim to present 8–10 deals per year, primarily via virtual meetings.
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Deal participation is completely flexible. You choose which opportunities, if any, you wish to invest in.
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The minimum check size is $10,000 per deal. Participation in any deal is entirely optional.
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Members typically invest directly into the companies. There are no management fees or carried interest on standard direct investments.
We will occasionally organize a special purpose vehicle (SPV) for select deals when specifically requested by the founder.
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As part of First Run's integrated platform (Accelerator + Angel Group + Fund), we have strong visibility into follow-on rounds and will support SPVs where appropriate.
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Great. We’d love to chat. Please reach out to hello@firstruncpg.com.