Any Venture Capitalists Out There? | The Wenatchee Valley ...

Below is a letter from an experienced venture capitalist, Al Lorenz, who lives in the Lake Chelan area.??He is trying to form a Venture Capital Club in our region.? Access to capital is one of the key barriers to business creation and expansion.? Having a local venture capital group will help fill this gap and help us ?grow our own? jobs within the region.? The key is getting 20 members to establish the club.? If you or someone you know is interested, please contact Al directly.

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Greetings,

?I?ve been chatting with folks for awhile that we could do more to attract businesses to North Central Washington.? As you know, our quality of life can be a huge draw to attract companies to the area.? The easiest companies to attract to the area are startups, who aren?t as established in a given area.?

But, one of the things that is missing is that we don?t have an active community of angel investors to help support promising companies.? Since that is not something that government entities can, or should be, doing it needs to come from the private sector.

When I lived on the other side of the mountains, I was active in the Puget Sound Venture Club.? With the help of the founder of that club, I am working to see if I can get a group of interested investors to form an angel investment group in North Central Washington. If done correctly, a group like this can provide a tremendous boost to business development in the area.? Some of the other groups in the Seattle area include:? Alliance of Angels and the Zino Society.

I would need a minimum of 20 members to form a viable group.? The maximum is also limited to 35 members at this point.? I want to personally call and invite potential members to an organizational meeting in early December so we can start receiving pitches from startups early next year.? From this group I would like to ask for some names and phone numbers of potential members that I can invite.? I already have a list started, but if each of you could send me three to five names of good potential members, we could have an angel investment club in North Central Washington.

Here is a link to the beginning web site of the North Central Washington Venture Club: http://www.ncwventureclub.org/

Sponsorships also help defray the costs of running a club.? On the other side of the hills, banks, attorneys and financial firms are all common sponsors.? Please let me know your due dates for requests for funding and I will get a proposal into your organizations, if appropriate (chambers, port, GWATA) as well.? When chatting with folks at possible business sponsors, please feel free to put in a good word about potentially sponsoring this effort.? Also, please forward this to others you think should be aware of it.

Thank you for looking at this.? It could become a wonderful asset to our area.

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NCW Venture Club

Al Lorenz
509-630-6769
877-822-3271 fax

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Source: http://www.wenatchee.org/the-chamber-guy-blog/any-venture-capitalists-out-there/

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