Here’s an excerpt from the Asheville Citizen Times article:
Angel investors choose to step in where banks often fear to tread, risking their money on the early startups that put Silicon Valley on the technology map and now power Raleigh’s Research Triangle Park.
The Asheville Angels networking group launching this month could help solve the capital piece of the puzzle, bringing more investors to work closely with emerging companies.
“Any community that’s friendly to startups will have three key ingredients. You need great entrepreneurs, talented professionals and capital,” said Josh Dorfman, director of entrepreneurship for the Economic Development Coalition for Asheville and Buncombe County.
Dorfman unveiled plans for the network Thursday at the EDC monthly meeting at the Asheville Area Chamber of Commerce, along with a revamped focus for Venture Asheville, the chamber initiative that boosts local entrepreneurship.
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