Site unites ‘angels,’ start-ups

It lists 66 investors, 150 entrepreneurs so far

Kim Hansen’s search for $250,000 to jump start an audio magazine concept just got a little easier, thanks to the vision of one Utah entrepreneur.

In Utah, where business ideas seem to be falling from the sky, Paul Allen — founder of MyFamily.com — saw a need to connect those plans with money.

His answer was to launch http://www.FundingUtah.com, which unites the state’s angel investing community with "men and women that want to create and build the next Evans and Sutherland, the next Novell," said David Bradford, co-founder of the Web site, during its official launch event Tuesday.

Angel investors are typically wealthy individuals who provide anywhere from hundreds of dollars to tens of thousands of dollars to start-up companies. Considered a risky investment, the upside is strong returns, where investors can earn more than 100 times their initial investment.

By Dave Anderton
Deseret Morning News

Full Story: http://deseretnews.com/dn/view/0,1249,600129418,00.html