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Jan 7, 2020 4:30 pm - 6:00 pm
Mid-Valley Angel Fund - December 2019
Mike White, Launch Mid-Valley Venture Catalyst
With access to capital for early-stage companies being sparse these days, boot-strapping your business by utilizing your personal savings, lines of credit from your bank, or raising funds from friends and family will be the most common road map to get your business started. Most new businesses fail because they fail to project their financials appropriately. Successful start-ups usually need more capital infusion than they realize. So, what happens when you don’t have enough financial resources to take your business to the next level? Angel Investing may be an option.
Angel Investing came from Broadway. Broadway was having some financial troubles launching their next play. Wealthier patrons wanted to help, and they funded the show. They were considered ‘Angels,’ and now we have Angel Investors. Angel Investors are accredited investors that invest in early-stage companies where they either have a million dollars in assets not counting their residential home or they make more than two hundred thousand dollars a year. A common practice of Angel Investors is to pool monies together and invest in multiple companies.
There is a Mid-Valley initiative that wants to support a healthy entrepreneurial ecosystem called Launch Mid-Valley. One of the activities to support small businesses in the region is creating the Mid-Valley Angel Fund. Underneath the direction of SEDCOR and Oregon Entrepreneur’s Network, we will be recruiting new Angel Investors to raise a healthy fund and investing in businesses in our region.
We will be hosting our first Angel Workshop at SEDCOR in Salem on Tuesday, January 7th, 2020 at 4:30 pm. Becoming an accredited investor is a simple process. This workshop is directed by seasoned investors with a diverse investment background. If you have any questions or want to join the Angel Workshop, please contact MEDP, scott@mcminnvillebusiness.com, or mike@oen.org. We look forward to training new Angel Investors and catalyzing growth for start-ups in our ecosystem.
Mike White is an instructor and adviser at the Chemeketa Small Business Development Center. He is also the Mid-Valley Venture Catalyst with Oregon Entrepreneur’s Network in partnership with MEDP and the Launch Mid-Valley Initiative which supports local entrepreneurs.