Friday, January 14, 2005

Angel Investor Groups Abound

Angel investor groups are springing up across Canada and the US. The newest addition is a Columbia group - Columbia Angel Partners.

"Columbia Angel Partners, hopes to invest about $2 million a year in four to six companies, said Neil McLean, who is serving as executive administrator."

"The 45 or so founding members have been organizing over the past year. The goal is 80 members. Each must have a net worth of $1 million, or an annual income of $200,000, or $300,000 with his or her spouse."

"It is a network of people who have a predefined motive not only to invest in small businesses, but also to help them grow."

"For Columbia Angel Partners to participate as a group, at least eight members must agree to put at least $100,000 collectively into the deal. Members must commit in $2,500 increments."

"“I had been through the process of raising money and knew through experience that there is a need for it. There is a lot that an angel group can provide,” McLean said."

For more information, visit www.EvanCarmichael.com.

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