The untapped resource of Angel Investors – Enterprising Capital – Bringing the Knowledge-Based Economy Home

Dan Loague, Executive Director of NASVF, writes in the spring issue of
Economic Development America that some venture capitalists call Minnesota,
Iowa, Oklahoma and even Washington the ‘flyover states," places to pass by
when traveling to Silicon Valley or Boston’s Route 128.

But leaders in
flyover states are now discovering angels as important, yet largely
untapped, sources of local capital for homegrown enterprises:
http://www.nasvf.org/web/allpress.nsf/pages/9149

And an additional note from Dan Loague:

"The key to building the knowledge-based economy is deal flow coming directly through active angels, not from university or laboratory tech sources.

Our experience shows that you need about 100 active investors in 2-3 groups to jump start deal flow and create productive portfolios. Anything less usually falters for lack of interest.

The best state run angel networks see more than 1,000 deals per year, generated by angels themselves. So our suggestion for Montana is a concerted effort to build your angel network to a critical mass.

Please let us know if we may be of help in any way."

Dan

National Association of Seed and Venture Funds

301 N.W. 63rd Street Suite 500

Oklahoma City OK 73116

Direct: 405-824-5549

Voicemail: 405-848-8570

Fax: 800-420-8329