Kentucky Cabinet for Economic Development 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, Kentucky Cabinet for Economic Development and this sector of the private capital market has been formalizing in response to both growing demands and complexity.
Kentucky Cabinet for Economic Development -
Contact: 67 Wilkenson Blvd
Frankfort Kentucky 40601 (502) 564-2064
Kentucky Angel Networks are as unique as the private investors that make them up. Kentucky Cabinet for Economic Development 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 Kentucky 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 Kentucky Cabinet for Economic Development, the number of organized angel groups / networks has grown in response to several factors:
- A desire to attract better deals and generate higher returns than angels acting alone
- The volume of deal flow.
As a result, angel investment screening by Kentucky Cabinet for Economic Development, is consistent when compared to other angel investment groups. Specific organizational and legal structures, however, remain varied. Most groups, including Kentucky Cabinet for Economic Development (Frankfort Kentucky) develop their own organizational structures and processes independently. For entrepreneurs and other Kentucky 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 Frankfort Kentucky.
Kentucky Cabinet for Economic Development (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 Kentucky Cabinet for Economic Development and other groups (Kentucky) can also provide a key source of qualified deal flow for venture firms - Kentucky - as well as provide intermediate capital for companies with financing requirement levels between individual / private investors and institutional venture capital.
