Angels of Moore Creates Web Site for Entrepreneurs in North Carolina

Angel investors and Moore County entrepreneurs now have a simple and accessible tool to help bring them together: the enhanced Angels for Moore Web site at http://www.angelsformoore.org.

http://www.nasvf.org/web/allpress.nsf/pages/9508

Angels for Moore is a local-angel investor network led by Frank Burrell Jr., a retired First Union executive, and Dean Rich, retired partner of Robbins, May and Rich law firm. The group has more than 30 members and is open to accredited investors interested in the development and success of Moore County’s entrepreneurs and small businesses.

Entrepreneurial and small business activity is increasing in Moore County, due to the desirable lifestyle here, according to a news release from the group. Statistics show that 70 percent of new jobs over the next ten years will be created by entrepreneurs, but many of these ventures need additional funding in order to move forward and develop.

"Our group is the liaison that brings investors and entrepreneurs together, and the new Web site at http://www.angelsformoore.org, will expedite the way Angels for Moore disseminates project information to its Angels," Rich said.

Entrepreneurs submit their business plans to Angels for Moore, and the executive summaries from these plans are then posted on the Web site. Each Angel has a unique user ID and password that they use to access this secure area of the site where they can view confidential project information.

The decision to invest in a project is completely at the discretion of each Angel.

To date, the executive summaries of six business ventures are on the new site. As new projects are submitted to Angels for Moore, the Angels will receive notification to access the Web site to see the new details.

"The new Web site just enhances Angels for Moore’s ability to keep our Angels up to date about current and new project activity," Burrell said. "It may also potentially help new businesses more quickly acquire the capital they need to grow and succeed. It is a significant resource in helping Moore County continue to attract these kinds of economic development opportunities."

Angels for Moore has a meeting Sept. 15 to allow its current group of entrepreneurs to present their respective projects firsthand to the Angels.

"An executive summary can spark interest in a project, but it doesn’t tell the whole story," Rich said. "We want the Angels to be fully informed about these projects so that ultimately, Moore County doesn’t lose any potential future investment and new jobs."

Visit http://www.angelsformoore.org for more information about Angels for Moore.