Click the arrow below to play the podcast in this window, or click the link to open it in a new window.
Wisconsin Angel Network
Mark opens the show this week talking about the importance of private sector business success and the positive impact that it has on the state. One of the areas where that success comes from is the start-up and stage one businesses created everyday by entrepreneurs all over the state of Wisconsin.
Businesses in their earliest stages need capital and investors to ensure their success and their ability to procure resources. This is where the Angel Network steps in, a branch of the Wisconsin Technology Council.
According to its website, the mission of the Wisconsin Angel Network (WAN) "is to build early-stage capital capacity throughout Wisconsin, increasing the number and amount of equity investments in Wisconsin's entrepreneurs."
"WAN was founded in January 2005 as an umbrella organization providing services and resources to the early-stage investing community. WAN is a public-private initiative rooted in Governor Jim Doyle's Grow Wisconsin plan and the Legislature's Act 255 initiative; it is operated by the Wisconsin Technology Council."
An angel investor is an early stage venture capitalist and is usually an accredited investor with a net worth greater than $1 million or an income greater than $200,000 for each of the last two years. Having an accredited investor exempts the entrepreneur from federal filing regulations and funding limitations. An angel network, than, is a group of venture capitalists who co-invest in business opportunities.
Mark O'Connell's guest this week is the director of the Wisconsin Angel Network, Joe Kremer. For more information about this organization, check out the website http://www.wisconsinangelnetwork.com
No comments:
Post a Comment