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Wing And A Prayer

Sock it away, the perfect proposal, earth angels, loans in a

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This story appears in the November 1999 issue of Business Start-Ups magazine.

Angel networks are forming in locales around the country toidentify worthy of financial blessings. Frominformal breakfast groups to broker-forged entities, these networksfill a need among high-tech start-ups that have exhausted theirpersonal financial resources--family, friends, credit cards--butdon't yet qualify for funds. However, theoperative term here is "high-tech," virtually a universalcondition for this type of angel funding.

AngelMoney.com (http://www.angelmoney.com), anangel network in San Diego, is one such entity. It's made up ofa group of private individuals who invest their own money, inamounts ranging from $50,000 to $500,000.

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