Developing Funding Opportunities in Montana

The round was led by angel investors from the Frontier Angel Fund, Boise Angel Alliance and the Sun Valley area.

Kentucky doesn’t have a small-business venture capital fund, although many other states do.

Just because anyone (well, an accredited anyone) can become an investor doesn’t mean they should. And despite what Silicon Valley folklore tells us, entrepreneurs don’t necessarily make the best investors.

Across the nation, at least 34 states have either launched venture capital funds, created investment tax incentives or both to leverage private investments in startups and emerging companies.

"This exemption is an important consideration for our members as we consider an investment," said Keith Brown, Chairman of Montana’s Frontier Angel Fund, LLC. "It helps offset some of the risk that individual investors take in supporting these young businesses that are actively creating new jobs and helping the economy grow."

It’s difficult not to think of this as a train wreck waiting to happen.

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Nearly half the states in the country offer such credits, and several more are actively considering putting tax credits for angel investment in place.

But do they work?

"For the first time in our nation’s history, a state has successfully held an online auction to raise funds for a venture capital program and as a result, Maryland will infuse $84 million in venture capital into our Innovation Economy to create jobs"

Providing an incentive for investors to back these fledgling companies is a proven way to solve that problem