How Silver & Salt Capital works

Angel investing means writing a personal check into an early-stage startup — typically before the company has significant revenue. In return, you receive equity (ownership) in that company.

It's different from venture capital (VC), where a professional fund manager pools money from many investors and decides where it goes. It's also different from public market investing (stocks, ETFs), where you buy shares in established companies on an exchange. Angel investing is direct, early, and personal — you choose the founders you believe in.

The SEC requires that investors in most private deals meet certain financial thresholds. You qualify as an accredited investor if you have an annual income of $200K+ ($300K with a spouse) or a net worth exceeding $1M (excluding your primary residence). Certain professional certifications (Series 7, Series 65, Series 82) also qualify.

This requirement exists because private investments are illiquid and carry higher risk than public markets. Silver & Salt Capital members must be accredited investors.

Source: SEC — Accredited Investor Definition & Thresholds (S45); SEC: Exploring Accredited Investors & Private Market Securities Ownership, June 2025 (S52)

Return potential. Top-performing angel portfolios can significantly outperform public markets — but returns follow a power law, where a small number of investments drive the majority of gains. Diversification across many companies is essential.

Portfolio diversification. Private markets give you exposure to a completely different asset class than stocks and bonds — one that doesn't move in lockstep with public markets.

Direct impact. Your capital goes directly to a founder building something new. Putting your money to work in new companies that create jobs, products, and services you believe in, run by women you want to support, feels amazing. You can also add value as an advisor, customer, or connector — not just as a check-writer.

Source: Angel Capital Association — Angel Returns Data (S30); Wiltbank & Boeker, Returns to Angel Investors in Groups, Kauffman Foundation (S57)

When you invest, your capital typically converts into equity — ownership in the startup. Most early-stage deals use a SAFE (Simple Agreement for Future Equity) or a convertible note, which convert into shares at the company's next priced funding round.

Your money is illiquid — expect a 7–10 year hold before a potential return through an acquisition, IPO, or secondary sale. You won't work in the business day-to-day, but you may support the founder as a champion, advisor, or customer.

An angel investor is an individual who invests their own money into startups. When you invest solo, you find deals on your own, negotiate terms directly, and manage your own diligence. It can work — but it's hard to see enough deals to build a diversified portfolio on your own, and the legal and administrative burden of each investment falls entirely on you.

A syndicate is an investment structure where individual checks are bundled into a single SPV (Special Purpose Vehicle) — one clean line on the founder's cap table instead of dozens of individual investors. The syndicate platform manages the legal formation, compliance, K-1 reporting, and SPV administration that makes this possible.

The deal lead is the person or organization that sources and vets each opportunity, then presents it to the syndicate's investors for individual decisions. Silver & Salt Capital operates as the deal lead for our community. We source, vet, and present deals. The syndicate platform manages the legal and accounting. You make the investment decisions.

This structure gives you better deal access, shared diligence, and collective leverage — without requiring you to source every opportunity yourself or manage any of the back-office complexity.

Angel returns are measured by IRR (Internal Rate of Return) — the annualized rate at which your investment grows over its lifetime, accounting for the timing of cash flows in and out.

For context: the S&P 500 has historically returned roughly 10% annually. Top-quartile angel portfolios have reported IRRs of 20–30%, though outcomes vary widely. Most startups fail; returns are driven by the few that succeed dramatically.

This is why portfolio construction matters. At $10K+/year over five years, you build a portfolio of 30+ companies — enough diversification to give the power law a chance to work in your favor.

Source: Angel Capital Association (S30); Correlation Ventures — Convergence of Median and Mean Fund Returns (S56); Central Texas Angels reported 31% IRR across 115 outcomes; Tech Coast Angels reported 25% IRR across 247 outcomes (S59). Past performance is not indicative of future results. Angel investing carries significant risk, including the potential loss of your entire investment.

In the stock market, you buy shares in established, publicly traded companies. Prices are set by the market in real time, and you can sell your shares any day the market is open. Your investment is liquid, regulated by the SEC with full disclosure requirements, and carries relatively lower risk.

Angel investing is the opposite end of the spectrum. You're investing in companies at their earliest stage — often before they have meaningful revenue. There is no public market for your shares. You can't sell on a whim. Your capital is locked up for years, and most startups fail.

The tradeoff: early-stage investing is where the most outsized returns originate. By the time a company is public, the biggest gains have already been captured by the earliest investors. Angel investing gives you access to that stage — with the risk that comes with it. The angel stage is also often where your investment dollars have the most meaningful impact. The first check can help a founder get in the game or scale.

Source: Angel Capital Association — Angel Returns Data (S30); Wiltbank & Boeker, Returns to Angel Investors in Groups, Kauffman Foundation (S57)

You make money when a company you've invested in has a liquidity event — commonly called an "exit." The three most common exits are:

Acquisition: A larger company buys the startup. Your equity converts to cash (or sometimes stock in the acquiring company).

IPO: The company goes public. Your shares become tradeable on a stock exchange.

Secondary sale: You sell your shares to another private investor before the company goes public or gets acquired. This is less common at the angel stage but increasingly available.

Most angel portfolios take 7–10 years to fully mature. Not every company will exit — many will fail outright, and that's normal. The math works because the winners in a diversified portfolio can dramatically outweigh the losses.

Source: Wiltbank & Boeker, Returns to Angel Investors in Groups, Kauffman Foundation (S57); Angel Capital Association (S30)

Most financial advisors and experienced angel investors recommend allocating no more than 5–10% of your total investment portfolio to early-stage private equity — including angel investments. This keeps you diversified while giving you meaningful exposure to private markets.

At Silver & Salt Capital, our $10,000 annual commitment was designed with this in mind. For an accredited investor with a $1M+ net worth, $10,000 per year represents 1% or less of total assets — well within the range that most advisors consider prudent for high-risk, high-reward investments.

The key principle: angel investing should be capital you can afford to lock up for 7–10 years and, in the worst case, lose entirely. It should never compete with your emergency fund, retirement contributions, or near-term financial obligations. Think of it as the portion of your portfolio where you're reaching for outsized returns — and accepting outsized risk to get there.

If you're unsure how angel investing fits into your overall financial picture, talk to your financial advisor before committing. We're happy to help frame the conversation.

Source: Angel Capital Association — Best Practices: Portfolio Strategy; VentureSouth — Angel Investments & Diversification Strategy (2025)

Plan for a long horizon. Angel investments are illiquid — meaning your capital is locked up until the company has an exit event (acquisition, IPO, or secondary sale). The typical timeline is 7–10 years from investment to return.

Some companies exit faster. Some take longer. Some never exit at all. That's why diversification matters so much: with a portfolio of 20–30 companies invested over five years, you increase the probability that some of those bets pay off on different timelines — smoothing out the wait.

This is not a place to put money you need in the next few years. Angel investing is for patient capital.

Source: Wiltbank & Boeker (S57) — group-affiliated angels averaged 2.6x return over 3.5 years; Angel Capital Association data shows median of 2.5x over 4.5 years across diversified portfolios (S30)

No. Silver & Salt Capital is not a fund. No one gives us their money to manage. Your $10,000 each year is capital that you invest into startups — through your own account, on a syndicate platform, into the deals you choose. You own equity in the companies you back. If they succeed, you see returns. Your money is yours at every step.

Think of it this way: Silver & Salt Capital finds the companies. We open up due diligence to anyone who wants to dig in. Then we bring the opportunity to the community. You decide whether to write the check. The platform handles the legal paperwork, the SPV, and your K-1s. We handle the deal flow and the community. You control the capital.

Members commit to investing $10,000 per year for five years, starting in 2027. That's $50,000 total — deployed across multiple early-stage companies that you select. You're building a diversified portfolio, not writing one big check.

Here's a different way to think about $10,000 a year: that's a family vacation. A couple of handbags. Money that gets spent and is gone. Invested in a female founder, that same $10,000 builds equity in a real business — one that creates jobs, serves customers, and grows in your community.

And it doesn't have to come from your checking account. If you have an IRA or a DAF (Donor Advised Fund), it can be as simple as moving existing investments from public markets to private companies. If you already donate to philanthropic causes, angel investing lets your capital do both — generate returns and reshape who gets funded in Utah.

No. Every investment decision is yours. When we share a vetted deal with the community, you review the materials and decide whether it's right for you. Some members will invest in nearly every deal. Others will be selective. Both are valid.

You manage your own account on the platform. Nobody invests your money but you.

This is angel investing — high risk, high reward. Historical data from established angel groups shows that a well-diversified portfolio (20+ companies) can generate 2–3x returns over 7–10 years. Top portfolios do significantly better.

The key is diversification, which is exactly what our model provides. You're not concentrating risk in one or two bets. You're spreading capital across many companies — and that dramatically improves your odds of capturing the outsized wins that drive angel returns.

Source: Angel Capital Association (S30); Wiltbank & Boeker, Returns to Angel Investors in Groups (S57); Correlation Ventures — portfolio size convergence data (S56). Past performance of other angel groups does not guarantee future results. All investments carry risk of total loss.

Here's a realistic example. Say you invest your $10,000 each year across the deals we present. Over five years, you might invest in 20–30 companies at $1,500–$2,500 per deal. That's your portfolio.

In a typical angel portfolio of that size, the math tends to follow a pattern called the power law:

Most of your investments will return little or nothing — that's normal. A handful will return 1–3x. But one or two winners can return 10x, 20x, or more — and those are what drive the entire portfolio.

If just two companies out of 25 return 10x on a $2,000 investment, that's $40,000 back from $4,000 deployed — which can cover the losses from the rest and then some. Data from the Angel Capital Association shows that diversified angel portfolios (15+ companies) have a median return of 2.5x over 7–10 years.

That's why diversification matters so much in angel investing — and it's exactly what our collective model is built to provide. You're not betting everything on one company. You're building a portfolio.

Source: Angel Capital Association (S30); Correlation Ventures — Convergence of Median and Mean Fund Returns (S56). This is a hypothetical illustration using general angel investing data, not a projection of Silver & Salt Capital performance. All angel investments carry risk of total loss.

Life happens. The $10,000 annual commitment is a target, not a penalty. If you have a year where you need to invest less, you're not kicked out of the community. We'll work with you.

That said, the commitment exists for a reason. Diversification is what makes angel investing work — and $10,000 per year across multiple deals is what builds a portfolio large enough for the math to work in your favor. Members who consistently under-invest are concentrating risk, which is exactly what this model is designed to prevent. And of course, if you want your average checks to be more, or you are really bullish on one founder and want to write a bigger check, you are invited to make the decisions that are best for you and your financial goals.

If your financial situation changes significantly, talk to us. We'd rather have an honest conversation than lose a great member.

No separate membership fee. No education fees. No hidden fees. We want to change the investment landscape for women in Utah and want every dollar engaged in this effort. There is a standard management fee and carry that will apply through the syndicate platform. Those fees are reinvested into the community: managing the group, hosting events, and offering education, with oversight from a selected advisory board. Your $10,000 annual commitment is the capital you invest into startups and will follow the platform fee structure on the syndicate platform where we invest together. There are no hidden costs. Every fee is disclosed, every structure is explained.

Yes. The $10,000 is your annual minimum commitment across all deals. Within each deal, investment minimums start at $1,000 — and there's no cap preventing you from going larger if you have high conviction.

Some members will spread their capital evenly. Others will concentrate more on the deals that excite them. That's the advantage of controlling your own capital: you allocate based on your own judgment.

Potentially, yes — though the specifics depend on your situation and you should consult your financial advisor or CPA.

A few things to be aware of: Qualified Small Business Stock (QSBS) under Section 1202 of the Internal Revenue Code can exclude up to 100% of capital gains (up to $10M or 10x your investment) on eligible investments held for at least five years. Not every deal qualifies, but many early-stage investments in C-corps do.

Additionally, losses on angel investments may be deductible as capital losses against other gains. And if you're investing through certain retirement accounts, you may benefit from tax-deferred or tax-free growth.

Each SPV (Special Purpose Vehicle, the container where you make your investment) will issue a K-1 annually, which your accountant uses to handle your taxes. The syndicate platform manages all of this paperwork.

Consult your financial advisor for tax implications specific to your situation.

Yes. Silver & Salt Capital supports multiple funding paths for your investments. You can invest through:

Bank transfer — Link your bank account through Stripe and fund each deal directly.

Retirement accounts — Your Roth IRA, Traditional IRA, or 401(k) can be used to invest in private market opportunities. We'll work with you to allocate a portion of your retirement assets into the companies you choose to back.

Donor Advised Fund — Through our partnership with Inspire Access, your DAF dollars can go to work funding private companies that create measurable impact.

All investments are made individually through SPVs on the syndicate platform. Silver & Salt Capital does not custody or manage your funds.

Consult your financial advisor for tax implications specific to your situation.

We're the deal lead for our community. That means we do the heavy lifting before capital ever moves: we source companies through our network, ecosystem partnerships, and inbound applications. We run the initial screening. We open diligence to members who want to go deep. We negotiate the terms. We present the opportunity to the community with a clear recommendation. And we manage the ongoing relationship with the founder after the investment is made.

But we are not a fund, and we don't make investment decisions for you. This is a coordinated community with individual decisions. We do the work so you can focus on the decision that matters: whether this company deserves your capital.

Yes — and we want you to. Every deal goes through a structured evaluation before it reaches the community:

Sourcing: Companies come to us through our network, ecosystem partners, inbound applications, and member referrals.

Initial screen: We evaluate the founder, the market, the business model, and the stage. Most companies don't make it past this step.

Deep diligence: For companies that clear the initial screen, we dig into financials, competitive landscape, customer traction, and team. This is where members who want to participate join in — reviewing materials, joining calls with founders, asking hard questions. If you want to be in the room, the room is open.

Community presentation: Vetted deals are presented to the full membership with a deal memo, key metrics, risk factors, and our recommendation. You get everything you need to make an informed decision.

Individual decision: You decide whether to invest, and how much. No pressure, no obligation.

If you'd rather just review the final materials and make your decision from there, that works too. There's no wrong way to participate.

Source: Wiltbank & Boeker (S57) — angels who spent 40+ hours on due diligence achieved 7.1× returns on average, compared to 1.1× for those who spent under 20 hours. Diligence pays.

An SPV — Special Purpose Vehicle — is just a simple legal entity (an LLC) created for a single investment. When you decide to invest in a deal, your capital goes into an SPV alongside other members who also chose that deal. The SPV writes the check to the startup.

It keeps each investment legally separate, simplifies your taxes, and provides liability protection. You'll get a K-1 each year for each deal you invested in.

Our syndicate platform partner handles all of it — SPV formation, legal docs, investor onboarding, capital calls, K-1 preparation, fund administration, and compliance. You won't be dealing with lawyers or accountants for this. The platform was built to make the operational side invisible so you can focus on what matters: the companies and the community. It is also why there is a transparent management fee included every time you invest in a new startup: there is real work the syndicate partner does on your behalf over time.

When you decide to invest in a deal, you do it through your own account on the syndicate platform. Your capital moves only when you say so. Silver & Salt Capital does not custody or manage your funds at any point.

These terms get used loosely, so here's how they actually differ:

A fund (like a VC fund) pools capital upfront. Investors commit money, a fund manager decides where it goes, and you have little to no say in individual investments. You're a limited partner — passive by design. Minimums are typically $250K–$1M+.

A syndicate is deal-by-deal — meaning each investment opportunity is presented individually, and you decide whether to participate in that specific deal. There is no upfront pool of capital. Your money stays in your account until you choose to invest in a particular company. Each investment is structured as its own SPV, and the syndicate platform manages the legal formation, compliance, K-1 reporting, and administration. The syndicate has specific requirements to manage K-1 reporting and SPV management. Please note: Silver & Salt Capital does not manage the SPV and is therefore not a syndicate.

An angel collective (what Silver & Salt Capital is) adds community, education, and shared infrastructure on top of the syndicate model. We source deals, run diligence as a group, provide education for members at every experience level, and build a network around the companies we fund. You get the deal-by-deal control of a syndicate with the support and learning of a structured community. Until recently, angel collectives needed investors to write large checks or required founders to muck up their cap table with a lot of small checks that required a lot of legal work and potential for issues in the later A and B stages of investing. Using a syndicate structure and running an angel collective, we get the best of both!

The critical difference: in a fund, someone else decides. In our collective, you decide — every time.

We expect to present 6–10 vetted deals per year to the community. That number reflects the quality bar — not every company that comes across our desk makes it to the community. We'd rather show you six exceptional opportunities than twenty mediocre ones.

Over five years, that pace builds a portfolio of 20–30+ companies — exactly the diversification range where angel portfolio math starts working in your favor.

Source: Correlation Ventures (S56) — portfolios of fewer than 5 deals have a median return of zero; 50+ deals converge toward ~14% IRR. The sweet spot for individual angel investors is 15–30+ companies.

Yes. Once you invest in a company, you're a shareholder — and you'll receive regular updates on how that company is performing. Founders typically share quarterly updates with their investors covering key metrics, milestones, challenges, and plans.

Silver & Salt Capital also provides portfolio-level updates to the community, so you can see how the collective's investments are performing as a whole.

Beyond updates, many members stay actively involved — making introductions, offering expertise, becoming customers. The "champion" step in our process isn't symbolic. Your network, experience, and support can be as valuable to a founder as your check.

Yes — you'll see it in most of our deals. A SAFE (Simple Agreement for Future Equity) is the most common instrument for early-stage startup investment. It was created by Y Combinator and has become the industry standard.

Here's how it works: When you invest via a SAFE, you're not buying shares immediately. Instead, the SAFE gives you the right to receive equity in the future — typically at the company's next priced funding round (like a Series A). At that point, your SAFE converts into shares, usually at a discount or with a valuation cap that rewards you for investing early.

The advantage of a SAFE is simplicity. There are no interest payments, no maturity dates, and minimal legal complexity. It lets early-stage companies take investment quickly without the cost and time of a full priced round.

You don't need to be an expert on SAFEs to invest — but you should understand the basics. We'll walk through each deal's specific terms when we present it to the community.

Utah is ranked #3 to start a business. #50 for women's equality — 11 consecutive years. That's not a contradiction — it's a pricing error. The capital infrastructure here was built by tech founders investing in other tech founders. Women have been outside the networks where investment decisions are made.

The problem is not talent. It's not ambition. It's access. Utah has 129,000+ women-owned businesses. Over 100,000 accredited women investors along the Wasatch Front. The capital is here. The experience is here. What's been missing is the infrastructure to connect them. That's what we're building.

Sources: WalletHub — Best States to Start a Business (S01); WalletHub — Women's Equality by State (S02); U.S. SBA — 2025 Small Business Profile, Utah (S06); S&S Capital Original Analysis — Accredited Women Investors in Utah (S55)

This isn't a fairness argument. It's a market inefficiency — the kind that makes money for the people who see it first.

Women founders return 78 cents of revenue per dollar invested, compared to 31 cents for male founders. They burn 15% less capital. They outperform. And almost none of them are getting funded — less than 2% of Utah VC reaches women-led companies. Everyone is missing out on that.

So yes, this is a community of women investors funding women founders. And the data says that's exactly where the returns are.

Sources: BCG/MassChallenge — Why Women-Owned Startups Are a Better Bet (S11); Female Founders Fund — 2025 Review (S14); Sorenson Impact Institute — Project DEEP, Utah VC to female founders: $21M of $1.1B, or 1.92% (S10)

Across the country, women's angel collectives like ours are already thriving:

Golden Seeds in New York: 1,150+ investors, $195M+ invested over 20+ years, 20%+ portfolio IRR. The largest and longest-running women's angel network in the country.

The JumpFund in Chattanooga: 100+ women investors, $7.7M under management, 30 portfolio companies, 19x co-investment leverage. Proof that this model works in mid-market cities, not just coastal hubs.

Portfolia in San Francisco: A "learn-by-investing" model with thematic funds (FemTech, Consumer, AgeTech). $10K+ minimum commitment — members learn by doing, just like us.

Citrine Angels in Washington, DC: No minimum investment barrier, member of the Angel Capital Association. The most accessible model in the country.

Next Wave Impact: ~200 women trained nationally, partnerships with Portfolia, ACA, and Kauffman Foundation. Focused on impact investing — companies creating positive social and environmental outcomes.

Broadway Angels in San Francisco: An invite-only network of senior executives and C-suite women with decades of combined tech investing experience. Elite deal flow.

We're not new. Just new to Utah.

Sources: Golden Seeds (S22); The JumpFund (S23); Portfolia (S26); Citrine Angels (S29); Next Wave Impact (S28)

Every dollar at the angel stage is the most leveraged capital in the startup ecosystem. Here's what 300 members investing together looks like:

Historically, every $1 of angel capital attracts $10–20 in follow-on funding. Our $15M could catalyze $150–300M in total startup investment flowing into Utah. These companies will hire locally, build locally, and reinvest locally. The cycle accelerates.

For context: in 2025, Project DEEP data from the Sorenson Impact Institute found that just $21M of $1.1B in total Utah venture capital — 1.92% — reached women-led companies. There is not yet an angel group in Utah focusing on finding and funding women founders. We're the first, and this is only one way we're setting ourselves apart to ensure our capital reaches a new audience and has a different impact in the Utah economy.

Source: Angel Capital Association (S30); JumpFund co-investment leverage data (S23); Sorenson Impact Institute — Project DEEP (S10)

Most angel groups in Utah were built by and for tech founders investing in other tech founders. They serve their members well — but they leave an enormous amount of talent and capital on the table.

There is not yet an angel group in Utah focusing on finding and funding women founders. We're the first. Silver & Salt Capital is different in four ways:

Thesis-driven. We invest where the data shows the market is mispricing talent. Women founders generate 78 cents per dollar invested compared to 31 cents for male founders — and less than 2% of Utah VC reaches them. That's not charity. That's alpha.

Community-first. This isn't a quarterly meeting where someone presents a deal and you write a check. It's a learning community with education, shared diligence, mentorship from experienced angels, and a network that compounds over time.

Accessible by design. Many angel groups have $25K–$50K+ minimums and assume prior investing experience. We start at $10K/year with $1,000 per-deal minimums, and we're built for women who may be investing in startups for the first time.

Open diligence. Most syndicates have a deal lead who evaluates companies behind closed doors and presents a recommendation. We open the entire process. If you want to be in the room when we evaluate a founder, the room is open.

Sources: BCG/MassChallenge (S11); Sorenson Impact Institute — Project DEEP (S10); S&S Capital Original Analysis (S51)

Because a fund concentrates power and we fundamentally believe our power is in our collective. We want every accredited woman in Utah to have the confidence to invest a small amount of her overall investment portfolio into other women and see the impact of her decision in our community.

In a traditional VC fund, you commit capital upfront (usually $250K–$1M+), and a fund manager decides which companies to invest in. You're a limited partner — you see quarterly reports, but you don't choose the deals. You're paying someone to have conviction on your behalf.

In our syndicate model, you see every deal. You review the materials. You decide whether to invest — and how much. Your capital doesn't move until you say yes. Each investment is its own SPV, so your portfolio reflects your choices, not someone else's.

The syndicate model also means you learn. Every deal you evaluate sharpens your judgment. Every diligence call teaches you something about markets, business models, and founders. Over five years, you don't just build a portfolio — you build expertise.

Our primary focus is Utah-based founders — because that's where we see the largest gap between talent and funding, and where our community can add the most value beyond capital. We know the market, we know the ecosystem, and our members can open doors locally in ways that an out-of-state investor can't.

That said, we won't pass on a great company just because the founder is in Boise or Denver. If a deal meets our criteria and our community can add meaningful value, geography alone won't disqualify it. The core thesis is Utah — that's where the opportunity is deepest.

Source: Sorenson Impact Institute — Project DEEP (S10)

We are looking for women founders based in Utah because we believe there is a gap in the existing investment infrastructure and a market opportunity. The startup needs to have a woman (or non-binary) founder on the team to qualify for our capital. If a startup does not meet this criterion, we are happy to recommend other angel groups in the area.

We're sector-agnostic. We invest in strong founders building real businesses — regardless of industry.

That said, Utah's economy has particular strengths in technology, healthcare, consumer products, outdoor/recreation, fintech, and services. You'll likely see deals across these sectors because that's where Utah founders are building. We're also interested in emerging categories where women founders are disproportionately underrepresented — because that's often where the market is most mispriced.

What matters to us is the quality of the founder, the size of the opportunity, and whether this is a business that can generate real returns. We don't pick sectors. We pick founders.

Yes — that's by design. Many of our members will be first-time angel investors. You don't need a finance background or a venture pedigree. You need to be an accredited investor and you need to be curious.

Silver & Salt Capital provides education, mentorship from experienced angels, and a structured evaluation process. You learn while you invest. And because you're doing it alongside a community, you're never making decisions alone in the dark.

Source: Nationwide, women's participation in angel investing rose from 5% to 46.7% between 2004 and 2023 (S58). The next generation of angel investors doesn't look like the last one.

As much or as little as you want. At minimum, you'll review deal materials when we share them and decide whether to invest. That's a few hours a quarter.

If you want to go deeper — join diligence calls, attend community events, mentor founders — the door is open. But nobody is tracking attendance. This was built for women with full lives who also want their capital doing meaningful work.

It's an SEC designation. You qualify if you have an individual income over $200K (or $300K with a spouse) for the past two years, or a net worth exceeding $1M excluding your primary residence. Certain professional certifications also qualify.

This isn't about gatekeeping — it's a legal requirement for investing in private companies. If you're not sure whether you qualify, we're happy to talk through it.

Source: SEC — Accredited Investor Definition & Thresholds (S45); SEC estimates 12.6% of U.S. adults qualify (S52)

You're investing $10,000 a year into early-stage companies, on behalf of your family, through your own account, into deals you choose, with full transparency. You own equity in real businesses. It's an investment portfolio, not a donation or a membership fee.

The difference is you're not doing it alone. You have a community of investors sharing deal flow, running diligence together, and building a network around the companies you fund. The model has worked in cities across the country for decades — we're bringing it to Utah. For families in Utah, this can be a great way for women to participate in financial investment decisions and build financial confidence with a network of other women.

For reference: Golden Seeds has deployed $195M+ over 20 years with 20%+ IRR (S22). The JumpFund's investments attracted 19x in co-investment capital (S23). This model is proven.

If you're close to the thresholds and aren't certain, reach out. We'll talk through it — no judgment, no pressure.

As a reminder, you qualify if you meet any of the following: individual income over $200K for the past two years (or $300K combined with a spouse/partner), net worth over $1M excluding your primary residence, or certain professional certifications (Series 7, 65, or 82).

You don't need to provide proof to us upfront. Accreditation verification happens through the syndicate platform when you make your first investment. But if you want to talk through your situation before committing, we're here for that.

Source: SEC — Accredited Investor Definition & Thresholds (S45)

We invite male allies to join us on the syndicate platform and open the deal investments to anyone in our greater community. Our community group is reserved for those who identify as women and non-binary investors.

Silver & Salt Capital's community — our education, events, mentorship, and shared learning — is built for women and non-binary investors. That's the heart of what we're doing. Our syndicate deal investments are open to any accredited investor who wants to participate in our deal flow, including male allies and supporters.

You do not need to live in Utah to invest. Our investment thesis and community are Utah-focused, but accredited investors from anywhere are welcome to participate in deals on the syndicate platform. That said, much of the community value — events, networking, diligence participation — is centered along the Wasatch Front.

Absolutely — and we love this question. If your daughter is an accredited investor (or you're investing together through a family entity), this is one of the most powerful ways to build financial literacy, investment confidence, and shared purpose across generations.

Imagine sitting across from a founder together, evaluating her business, asking hard questions, and then making an investment decision as a family. That's not a dinner-table conversation about money — that's real-world financial education with real stakes and real community.

Silver & Salt Capital was built for women with full lives who want their capital doing meaningful work. For some families, that means doing it together.

Absolutely. Many experienced angel investors participate in multiple groups — it's one of the best ways to see more deal flow and diversify your portfolio across different networks and investment theses.

If you're already active in another Utah angel group, you bring valuable experience to our community. And you'll likely see deals through Silver & Salt Capital that don't come through your other networks — particularly from women founders who haven't had access to traditional angel groups.

Your commitment to invest $10,000 per year is a pledge to the community, not a legal contract that penalizes you for leaving. If your circumstances change and you need to step away, you can.

Any investments you've already made will remain with the startups you selected. The funds invested don't disappear or transfer. You'll continue to hold equity in the companies you've backed, receive K-1s, and participate in any future returns from those investments. You just wouldn't be making new investments through the collective.

We'd rather have an honest conversation early than have a member who's stretched beyond comfort. The commitment structure exists to build a community that invests together consistently — because that's how the math works. But life is life.

The first 100 members who commit in 2027 are founding members. They shape the culture, influence who gets funded, and define the standards for everything that follows.

This isn't a symbolic title. These are the people who build the foundation. The collective will carry their influence forward as we grow to 300 investors, and beyond.

Start by submitting an interest form or emailing us at support@silverandsaltcapital.com. From there, you can schedule a conversation with us — no commitment required, just a real talk about whether this is the right fit. If it feels right, you'll complete a commitment form and be invited to join our community on Circle. Founding member spots are limited to the first 100.

Good — these questions are what we live for! Email us at support@silverandsaltcapital.com and we'll set up a time to talk. That's what we're here for.

The founding cohort begins in 2027. We're building the community now — identifying founding members, establishing partnerships, and developing our deal pipeline so we're ready to present our first investments when the cohort launches.

If you join as a founding member, you'll be part of shaping the criteria, the culture, and the early investment thesis before the first deal ever goes live.

There's no specific calendar deadline — but founding member status is limited to the first 100 members who commit. Once those spots are filled, they're filled. The pace of interest will determine when the window closes, not an arbitrary date.

In addition to joining as a founding member, we invite you to consider other family and friends in your circle who champion women and could qualify as an accredited investor. Honor them and invite them to join.

We grow to 300 members over the five-year commitment period. The founding cohort of 100 establishes the culture, the investment standards, and the community values. Subsequent members join an existing, functioning collective with a track record.

At full scale, 300 members investing $10,000 per year represents $15M in direct capital deployed over five years — with the potential to catalyze $150–300M in follow-on investment for the companies we back.

The founding members build it. The full collective scales it. After that? Who knows!!?? Join us and let's imagine together what we might do next.

Source: Angel Capital Association — every $1 of angel capital historically attracts $10–20 in follow-on funding (S30); JumpFund co-investment leverage: 19x (S23)