Professional Angel Groups Provide Many Benefits...
For local economies:
Businesses need access to capital to fuel their growth and expertise to guide it. Banks, while ubiquitous, only provide capital to low-risk ventures. And while those businesses are vital to a community, it is the high-risk ventures that hold the greatest promise of creating significant and sustained job growth.
Professional angel groups invest their capital and hard-earned experience in exactly these kinds of opportunities. Angels prefer to invest close to home, allowing them to multiply the effectiveness of their capital by providing entrepreneurs hands-on mentoring and assistance.
Don't take our word for it:
- Washington State is one of several that has built a state-wide angel network
- Read "Early stage business run on angel power" by the Pacific Northwest National Laboratory (one of the Department of Energy's top ten laboratories).
For investors:
- Increase quality and quantity of dealflow while preserving the investors' privacy
- Dramatically expand the breadth and depth of domain expertise available for due diligence, resulting in better investment decisions
- Connection to a powerful network of extremely successful, like-minded business leaders
- Ability to pool capital to secure stronger terms and fully fund opportunities
- New investors can learn from experienced angels
Don't take our word for it: read the Kauffman Foundation's white paper