Wednesday, September 24, 2008

MSCTC-DL is looking for "angels" to grow new business

excerpted by Detroit Lakes Tribune, 9-21-08

The Minnesota State Community and Technical College-Detroit Lakes is looking for investors and innovators to help prospective business owners come up with initial funding. This is part of the college's Business & Entrepreneurial Services program launched last fall.

One way to provide funds is through angel investing, where a group of individuals pool their money to fund new companies.

Unlike venture capital, angel investing deals with much smaller amounts of money to help turn an idea into reality.

Local entrepreneur Ed Gehrke said angel investing is unique because most ventures are expected to fail. By pooling their money together into several businesses, investors hope to find a diamond.

On Oct. 3, the college will present the fourth segment of its Entrepreneurship Speakers Series. The speakers are MBA students from UND who will talk specifically about angel investing.

The series starts at 10 a.m. and lunch will follow. There's no charge and no reservation needed, but is requested.

To RSVP or for more information, call Patty Heath Gordon at (218) 846-3804.

Read entire article.

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