Crowdfunding for startups is starting to attract more professional investment managers. LaunchAngels, a Boston-based fund for individual investors, is seeking its first $1 million pool of cash to invest in early stage and growing companies. The company is a spinoff of Big Idea Group, a Bedford, NH-based business consulting firm. It’s being headed by CEO Shereen Shermak, who previously worked at finance startups BuysideFX and Currensee.
LaunchAngels’ pitch goes like this: With the loosening of federal rules about publicly soliciting investment, there’s suddenly a flood of startups seeking financing online through websites like AngelList, MicroVentures, and FundersClub. Maybe too many. LaunchAngels promises to narrow that field by keeping tabs on the companies seeking money and selecting its favorites.
This excerpt is taken from the article ‘LaunchAngels Hopes to Consolidate Crowdfunding for Startup Investors’. To read the full text of the article, please visit Xconomy.
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About Launch Angels
Launch Angels is a Boston-based venture capital firm that helps alumni, universities, and other affinity groups create venture funds to support early stage companies that meet each fund’s unique investment goals.
Alumni Ventures Group (AVG) is a Massachusetts-based venture capital firm. Past performance of AVG funds may not be indicative of future results of any fund offered by AVG. Different types of investments involve varying degrees of risk, and venture capital funds, including those offered by AVG, involve substantial risk of loss, including loss of all capital invested. Moreover, you should not assume that any of the above content serves as the receipt of, or as a substitute for, personalized investment advice. Our fund offerings are made solely to accredited investors who accept the responsibility for conducting their own analysis of the investment and consulting with their professional advisors with respect to their analysis of this investment. Early-stage companies are risky investments, not suitable for all investors.