Diners' Club : Investors Wanted to Talk Cash Over Calamari

Provided by: American City Business Journals
Topic: Software
Format: HTML
Article is about angel financing startups that explains an angel investing networks, one part of that network is something known as the "dinner club" concept. At these dinner club meetings, groups of rich individuals pool their money together, hear pitches over dinner from hungry entrepreneurs and decide to invest in and mentor young companies, especially high-technology startups. One estimates shows that about 150 to 175 angel networks -- dinner clubs and the like -- are in operation across the United States, with each having about $5 million to $20 million in capital under management.

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