Angel Money
Angel Money is seeking projects
in which to invest. Although they are only interested in technology
projects and entrepreneurs who are ready to make the leap to
work on their business full time, they are a source of small,
private startup funding.
ACE-Net
The SBAšs Office of Advocacy developed ACE-Net, the
Access to Capital Electronic Network, as a low-cost way for
accredited investors to find businesses they want to fund.
Although it costs $450 per year to list your business on the
site, it could be a worthwhile investment if you have run
out of other funding options and need wider exposure.
There are restrictions as to who can be approved for listing
on the site, however. Not just anyone can pay $450 and get
listed, and here is the list of qualifications for being a
site member:
° Only entrepreneurs who can sell security interest in their
companies can enroll with ACE-Net.
° This means that if you have a corporation or a limited liability
company (LLC), you may be listed on the ACE-Net Company Database.
° You cannot be listed if you have a sole proprietorship,
general or limited partnership, joint venture, "blank check"
or development stage company, or are in an oil or gas business.
° The ACE-Net Entrepreneur Application requires you to certify
that you meet this criteria. Visit the Small Business Administration
Site for more details. Small
Business Administration
The
Capital Network
A more expensive angel funding network is The Capital
Network. This network charges entrepreneurs who want to participate
$750 for six months of time working with the organization,
but a simple application form allows the group to screen potential
businesses to see whether or not they have a chance to be
funded successfully.
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