More successful exits needed in local startup scene: angel investor Ed Chalfin

This is Technically Baltimore’s Better Know an Angel. We hope to use this space to highlight local angel investors investing in Baltimore-based startups. If you’re an angel investor interested in being profiled here, complete this questionnaire.
Featured this week in Better Know an Angel is Ed Chalfin, 53, a member of the Baltimore Angels. Chalfin’s company Integrated Circuit Designs was acquired by Texas Instruments in 2007. Find Chalfin on Twitter here.
Where do you live?
Ellicott City
What did you do before becoming an angel investor?
Entrepreneur and engineer, before and after.
Name the top three things you consider before investing in a startup.

1. Team
2. Traction
3. Scalability

Name one local company you’ve recently invested in.
410 Labs (creators of Mailstrom)
Why do you invest in Baltimore-based companies?
To support the entrepreneurial ecosystem while diversifying my investments
What’s one thing you would change about the startup scene in Baltimore?
More successful exits [are needed].
How can entrepreneurs get in touch?
LinkedIn message