"Focus on Banking and Finance" piece on private-equity investors, a.k.a. angel i

Source

Mainebiz

Date

3-29-2004

Pages

1, 23-24, 26

Abstract

"Focus on Banking and Finance" piece on private-equity investors, a.k.a. angel investors. Angel and venture capital money are both equity investments in which an infusion of capital is exchanged for shares in the business. Jeffrey Sohl, director of the Center for Venture Research at the University of New Hampshire, says the key difference is that angels invest their own money, while venture capitalists are money managers for funds of other people's money. Brian Rigney, founder of Blue-Tarp in Portland, said that without angel investment, his business wouldn't exist. In October, a group of 14 investors formed Maine Angels, a statewide organization that is actively reviewing companies. Economic development experts say that angel investors hold the promise of a new source of capital for Maine's growing small businesses. With comments by Maine Angels members Charles Sidman and Diane Sammer.

Subjects

Capital, Venture, Investments, Maine Animal Control Association

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