Cherrystone Angel Group Angel Investor Network
Angel investing has long been an important source of financial support and mentoring for new and growing businesses bridging the gap between individual (friends and family) and institutional venture capital rounds of financing. Over the past several years, Cherrystone Angel Group and this sector of the private capital market has been formalizing in response to both growing demands and complexity.
Cherrystone Angel Group - Cherrystone Angel Group, based in Providence, offers start-up investment funds to Rhode Island-based companies that need seed capital.
Typically, Cherrystone will invest between $100,000 and $500,000 and work with the emerging companies to proceed to the next stage. We also help recruit new members of the management team, develop strategic partners, and refine product strategy.
Contact:
Providence RI
RI Angel Networks are as unique as the private investors that make them up. Cherrystone Angel Group is a group of accredited investors (sophisticated investors) who get together to review companies for potential investment. The investments can be made by accredited individuals belonging to the RI network or by the network itself as a limited partnership.
Some angel networks charge a fee to the entrepreneur for the business plan to be reviewed, or for an in-person presentation to be made to the "angels" group and other angel networks don't.
Learn about as many angel networks / groups in your area as possible.
Like Cherrystone Angel Group, the number of organized angel groups / networks has grown in response to several factors:
- The growth of venture capital funds and the attraction of venture investing
- The volume of deal flow.
As a result, angel investment screening by Cherrystone Angel Group, is consistent when compared to other angel investment groups. Specific organizational and legal structures, however, remain varied. Most groups, including Cherrystone Angel Group (Providence RI) develop their own organizational structures and processes independently. For entrepreneurs and other RI angel investors, the net results of this change are mostly positive. Although the models of business angel groups continue to evolve, these groups are generally better financed than ad hoc groups of individual / private investors in Providence RI.
Cherrystone Angel Group (Angel Investment Network) provides an extended network that benefits both funded companies and private co-investors / other angels by providing greater due diligence, operational support and domain expertise. Business angel groups, such as Cherrystone Angel Group and other groups (RI) can also provide a key source of qualified deal flow for venture firms - RI - as well as provide intermediate capital for companies with financing requirement levels between individual / private investors and institutional venture capital.
