Content area
Full Text
BOULDER - What is already the largest angel" financing group in Colorado history soon may reach a true historical plateau.
"We have 45 members ... (but) the group itself wants the membership to be 100 (investors)," said Tom Daniel, president of Boulder-based CTEK Angels. "The Colorado 100? You know I like the sound of that."
just as the Sacred 36 was a powerful collection of the state's most elite business owners and socialites in the 19th century - they inadvertently sent the "Unsinkable Molly Brown" on her journey aboard the Titanic Daniel believes his group of entrepreneurial investors will help shape Colorada's economy in the 21st century. The CTEK Angels originally was started and remains affiliated with CTEK, formerly the Boulder Technology Incubator. Lu. Cordova, who heads CTEK, is the chairwoman of the CTEK Angels.
"Outside of California, we may already be the largest such organization west of the Mississippi," Daniel said. "Other people have tried this (in Colorado), but they were at it for four or five years and didn't get to 45 members. People are shocked ... because we got close to 45 after six months."
Angel financing is the first funding step taken by most entrepreneurs, and is usually in the range of $250,000 to $1 million. Finding people capable and interested in funding such ventures is, of course, a fairly problematic task. In the case of CTEK Angels, it requires a net worth of more than $5 million to join the group. And while starting the group in November...