MIDWEST
St. Louis
Angel Network (SLAN)
Companies must be based in St. Louis to apply or
participate. SLAN members meet approximately every other month, and three
companies are usually selected to make presentations at each meeting. Ten
companies made presentations to SLAN members during 1999, and at least $1
million of investment has been made in those companies directly by SLAN members
or indirectly as a result of the presentation to a SLAN meeting.
Sweet Spot:
St. Louis-based, early-stage technology companies.
Average investment range:
$500,000 to $2,000,000
Contact:
St. Louis Angel Network Inc.
Andrew T. Hoyne
c/o Armstrong Teasdale LLP
One
Metropolitan Square, Suite 2600
St. Louis, Missouri 63102
314-342-8066
ahoyne@armstrongteasdale.com
Silicon
Pastures
Does not focus on any particular industry: "Silicon" means they focus on high-tech, and "Pastures" means
they also focus on old-economy plays. From October 2000 to September 2001, the
group invested in 10 companies, totaling $5 million in funding. Companies are primarily
based in the Midwest, but the group has invested in companies as far west as San
Francisco.
Average investment range:
$250,000 to $350,000
Number of angels/investors in the network:
50+
Contact:
Silicon Pastures
Jeff Rusinow, Managing Director
418 East Silver Spring Dr.
Whitefish Bay, WI 53217
414-332-1700
admin@siliconpastures.com
NEOSA Angel Network
(Northeast Ohio Software Association)
The group's investors will consider companies
within and outside of northeast Ohio. Formally began operations in January 2001.
There is no application fee for entrepreneurs; there is a fee if, once you have
applied, you are selected to present your plan to the steering committee.
Sweet Spot:
Technology-enabled companies, including biotechnology,
consumer products, and polymer companies.
Average investment range:
$25,000 to $250,000+
Contact:
NEOSA Angel Network
Rosie Fini, Angel Network Director
50 Public Square, Suite 200
Cleveland, OH 44113
216-592-2340
rose@neosa.com
Miami Valley Angel Network
No Web site
Established in 1998.
Average investment range:
$100,000 up to
$250,000
Number of angels/investors in the network:
50
Contact:
Miami Valley Angel Network
137 N. Main St.
Suite 702
Dayton, OH
45402-1729
937-222-4422
bzabek@mvedc.org
Pennsylvania Private Investors Group
Invests in companies located within 150 miles of
Philadelphia.
Sweet Spot:
Businesses with
a management team in place that has significant related experience.
Average investment range:
$25,000 to $2,000,000
Contact:
Pennsylvania Private Investors Group
Richard Levin
610 York Rd., Suite 107
Jenkintown, PA 19046
215-884-9300
ext.140
submit@ppig.com
Prairie Angels
A nonprofit, private group of investors that invests
in early-stage companies in the Midwest. The process: A lead angel sponsors a
company before the screening committee. That committee then recommends two or
three companies to present at the group's dinner meeting every other month.
Submissions will not be accepted from the company itself -- a lead angel must
submit the plan. Submission charge: $95. Companies selected to present pay a
$195 presentation fee.
Average investment range:
Up to $3 million
Contact:
Prairie Angels
Todd Belino
c/o Afficient
Corp.
350 West Ontario, 1st Floor
Chicago, IL 60610-4040
312-932-4402
info@prairieangels.org
