Just because entrepreneurs have an idea or a business plan or even a product doesn’t necessarily mean they are worthy of receiving startup funding.
That need to create quality deal flow for angel investors as well as increase the success rate of entrepreneurs in fundraising has led to the creation of a new economic development effort in Minnesota. Called the Minnesota Angel Network, the group that launched Tuesday aims to screen worthy startups looking to raise between $50,000 and $4.5 million and put them through an educational program that will fill the holes in their business plans and get them ready to face the big, bad world of fundraising.
“We want to make sure wemeet the needs of the investor,” said Todd Leonard, executive director of MNAN. “Investors are saying, ‘We don’t want to look at every deal.’”
To read the full, original article click on this link: Minnesota Angel Network launches to boost startup funding
Author:Arundhati Parmar
