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Angels "bake out" risk for VCs, says Angel Capital Association chair
June 20, 2008 /
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Angel investor groups are playing an increasingly important role in funding early-stage tech companies, which requires so little money these days that it’s inefficient for venture capital firms to participate in.
"It’s become rather common for angel groups to lead $1 million and $2 million Series As," says Huston. "That’s good news for the VC community, because when they see the deal, much more of the risk has been baked out of it."
Full Story: http://www.thedeal.com/techconfidential/behind-the-money/blog/angel-investor/-membership-in-the-the.php
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Posted in: Developing an Angel Network in Montana
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