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Hungry for cash, start-ups seek better angels for their ventures

May 22, 2010 /

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This year has seen several new initiatives launched with the goal of encouraging more wealthy individuals to consider making angel investments, and in 2009, angel investor Bill Warner announced an ambitious goal: to create 1,000 new angels in New England over the next decade.

Some look to Silicon Valley with a bit of envy; out West, an emerging crop of “super angels’’ pride themselves on making 10 or more investments a year. While most fail, a single Google or PayPal can wipe away the bad bets.

By Scott Kirsner

Full Story: http://www.boston.com/business/technology/articles/2010/05/23/hungry_for_cash_start_ups_seek_better_angels_for_their_ventures/

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