LORE 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, LORE and this sector of the private capital market has been formalizing in response to both growing demands and complexity.
LORE - Since its founding in 1988, the principal mission of the LORE group is to provide investment capital and mentoring to early stage companies principally in the Greater Philadelphia Area. These investments are made for the benefit of the company and are expected to provide an above average return to compensate for the added risk of such investments.
Contact:
Philadelphia PA
PA Angel Networks are as unique as the private investors that make them up. LORE 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 PA 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 LORE, 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 LORE, is consistent when compared to other angel investment groups. Specific organizational and legal structures, however, remain varied. Most groups, including LORE (Philadelphia PA) develop their own organizational structures and processes independently. For entrepreneurs and other PA 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 Philadelphia PA.
LORE (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 LORE and other groups (PA) can also provide a key source of qualified deal flow for venture firms - PA - as well as provide intermediate capital for companies with financing requirement levels between individual / private investors and institutional venture capital.
