Two years ago, Amith Nagarajan and his wife, Bridget, were planning to move their family from Nashville to New Orleans to be nearer to her native Ponchatoula. Nagarajan founded and still runs Aptify, a management software company, but he is also an active entrepreneur, and he and Bridget were both looking to invest in promising young start-up companies. He expected to base himself in New Orleans and spend a lot of time on airplanes looking elsewhere for investment opportunities.
It hasn't turned out that way. So far their investment company, Abstraction Ventures, has invested in 13 young companies -- 11 of them in or around New Orleans. Typical investments range from $25,000 to $100,000.
"I've pretty much focused all our energy here because there's so much opportunity," Nagarajan said recently. "As far as I'm concerned, as an investor, there's no reason to go anywhere else."
To read the full, original article click on this link: New Orleans is fast becoming paradise for investors, entrepreneurs | NOLA.com
