"Development is a do-it-yourself proposition. ... It's really up to
us," says Steve Mercil with the fervor of an evangelist. Talking about
angels — secular, not celestial — the CEO of St. Paul-based RAIN Source
Capital describes the role angel investors play in helping small
companies grow in communities across the country.
"Our job is to get capital and expertise to people with great ideas ... to grow good companies, grow good jobs, and have good thriving communities," he told a crowd of investors, entrepreneurs and advisers at last week's seventh annual RAIN Source Capital conference in Bloomington.
Angel investors traditionally have filled a funding gap for start-ups and small businesses that have grown beyond "friends and family" but were too small for venture capitalists and too risky for traditional bank financing.
To read the full, original article click on this link: MinnPost - Angel investors are a godsend in filling funding gap for small companies
Author: Brad Allen
