Recently established Full Tilt Capital, a Raleigh-based venture capital fund, has filed to raise $10 million from investors, according to a filing with the Securities and Exchange Commission.
Full Tilt Capital filed the Form D on Oct. 13 and did not disclose what it plans to do with the proceeds in the filing.
Full Tilt has sold $100,000 of the offering, with $9.9 million left to potential investors.
The venture capital startup is run by a pair of Raleigh entrepreneurs, Anthony Pompliano and Jason Willions, according to the filing, which can be found here.
Pompliano got his start in VC when he sold a pair of local startups and then moved to California to work for Facebook in 2013.
Williams founded FastMed Urgent Care, built it to nearly 90 facilities in three states and sold it in 2015 to a private equity firm for an undisclosed amount.
According to an August profile by Exit Event, Pompliano and Williams are out to end the “elitist approach” to investing and to democratize the practice. Over the next year, the pair plans to write 100 $100,000 checks to first-time founders or entrepreneurs with only a concept or prototype — the founders that “don’t have anyone to help them, no professional money or smart people around the table,” Pompliano said in the profile.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
