SANTA CLARA, CA--(Marketwire - July 13, 2010) - TiE today announced the formation of TiE Angels, an angel investment group comprised of charter members of TiE Silicon Valley. The group's mission is to provide entrepreneurs access to seed capital and ongoing strategic and operational support. Many TiE charter members, who are some of the most creative business thinkers and company builders across the world, are already investors in, and advisors to emerging companies. With its objective of expanding access to capital for early stage companies, TiE Angels is a natural extension of TiE's primary goal of fostering entrepreneurship.
"Since its inception, TiE has served exceptionally well as a mentor, educator, and advisor to entrepreneurs who have created great companies with early-stage funding from our venture capital colleagues," said Mr. Vish Mishra, TiE Silicon Valley President and Venture Director of Clearstone Venture Partners, a successful early-stage venture capital firm with $700M of committed capital to technology innovators. "TiE Angels will now fill that role by providing seed capital to put promising entrepreneurs on the first-rung of the success ladder, a crucial need in the current economic environment."
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Author: TiE Silicon Valley