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Promoting, supporting & connecting Charleston's entrepreneurial community
September 2, 2025
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➤Members in the News
➤Upcoming Member-sponsored Events
- 1 Million Cups (Jackie McKelvey of Thrive Data Presenting): Wednesday, September 17, 2025
➤Five Founder Questions Feature
Frank Conway, Founder of 890 Capital
1. What is your startup's elevator pitch?
890 Capital is a Charleston-based private real estate lending firm that helps accredited investors earn passive income through short-term, asset-backed loans to real estate operators. We deliver fixed, 10%+ annual returns with no fees - backed by real property. Borrowers get fast, flexible capital. Investors get monthly income without market volatility. Everyone wins.
2. What is your ideal customer profile and plan to reach them?
Our ideal customers are accredited investors - professionals like physicians, attorneys, business owners, and retirees - seeking predictable cash flow and portfolio diversification outside of the stock market. We reach them through strategic social media content, referral partnerships, targeted email campaigns, and relationship-driven events across Charleston and the Southeast.
3. What is the next key milestone in your startup's journey?
Our next milestone is surpassing $25M in total capital raised to deepen our footprint in the greater Charleston market. We’re focused on scaling our investor base, deepening capital deployment opportunities, and preparing for a broader fund structure that supports both institutional and retail investment partners.
4. How can Chucktown Startups and the local startup community best support your startup?
We’d love support in connecting with local accredited investors, business owners, and operators in real estate, finance, and professional services. Opportunities to share our story at events, meetups, or panels would also help increase awareness and fuel new partnerships across the Charleston ecosystem.
5. Wildcard- What else would you like the community to know about you and your startup?
890 Capital was built out of a desire to make private lending more transparent, investor-friendly, and locally impactful. We’re not just a fund - we’re a bridge between capital and community development. If you’re passionate about real estate, passive income, or Charleston’s future - we’d love to connect.
➤Invitation to Reach Out
Please reach out to schedule an in-person or Zoom meeting. Feel free to email me at toby@chucktownstartups.com or text 843-830-7452.
Thanks for being part of Chucktown Startups. We’re excited to see what happens next as we connect the dots in Charleston’s growing startup scene!
Cheers!
Toby Palmer, Founder
Chucktown Startups: Promote. Support. Connect.
