Local angel group seeks entrepreneurs

Published on Wed, Nov 3, 2010
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The Bellingham Angels are a local group of investors dedicated to providing equity capital to early and mid-stage entrepreneurial companies in the Pacific Northwest, with an emphasis on Whatcom, Skagit and Island counties.

Since the group was founded in 2005, a comparatively lesser number of funding requests has been experienced from local startups. Because of this, their investments have necessarily been extended to wider areas of the northwest.

A common solution for entrepreneurs with big ideas and little money, after support from friends and family often includes seeking bank loans.  As banks have shied away from shouldering above-average risks, entrepreneurs now have an option to look to angel investors to meet their needs.

Entrepreneurs can apply for angel funding consideration by online application on the Bellingham Angels’ website. Applicants are screened, and 18 or more companies per year are selected to present at the bi-monthly Angel meetings.

Outside of these meetings, Angel Group members can also search their online database to review companies that applied for funding but were not selected to present to members.

Angel investors typically make investments during the beginning stages of startups. In addition to the capital angels provide, they also offer invaluable mentorship, guidance and experience – all of which are critical to the success of a start-up.

The angel approach to investing combines a high risk – high return strategy with an additional desire to help build a strong economic future for the community. That is the true value of a group such as the Bellingham Angels that has invested millions in small businesses since its inception.

The Bellingham Angel Group encourages local entrepreneurs looking for start-up funding to visit www.bellinghamangels.com to learn more about investment criteria, funding process and, if eligible, to submit an application for review.