Angel Investors Seeding Connecticut
Posted on 05. Feb, 2008 by Ira Yellen in angel investing, connecticut, innovation
The Famous Unknowns Jump Start New Ventures Without Fanfare
Without many of the incentives (for example: no tax credits for individual investors) offered by other states, Connecticut angel investors are contributing capital, time and culture to early stage companies. This is a real eye-opener for anyone who is accustomed to steady cadence of mature companies in the state. At a recent meeting of the Angel Investor Forum, of which I am a member, David (Invited guest from me) and I had the opportunity to observe activity that most entrepreneurs thought only really happened in Silicon Valley and Boston: re-investing in entrepreneurs.
This group invests time, reputation and money into people and ideas that won’t mature for years. Some will never mature, but everyone who participates in this small (but important) sector of our economy profits from the experience. Just by going through the start-up process, hundreds of Connecticut entrepreneurs are building the foundation that critics, governments and scholars say is necessary for our future prosperity.