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Wing And A Prayer

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

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. (, 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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