Website Bridges Gap between New York Investors and Entrepreneurs

Until now, the simplest way to raise money in New York involved an empty coffee mug, a cardboard sign, and a hard luck story. A new website for New York entrepreneurs may make it a little easier.

FundingNewYork.com is a new website designed to stimulate New York’s economy by matching entrepreneurs with angel investors in the Empire State. The concept behind the site is simple: 1) New York entrepreneurs post business plans on the site. 2) New York angel investors review at the posted plans and contact entrepreneurs with promising proposals. Posting and reviewing plans on the site is free.

“FundingNewYork.com can only be good a good thing for investors and entrepreneurs,” said FundingNewYork.com founder Paul Allen. “Entrepreneurs find capital, and investors get free dealflow – it’s absolutely win-win.”

FundingNewYork.com is part of a family of 51 FundingUniverse.com state sites (FundingUtah.com, FundingMissouri.com, etc.) designed to help entrepreneurs and investors link up. In fewer than three months, the site has registered nearly 100 entrepreneurs and accumulated $150,000 for investment in New York start-ups. Allen believes that FundingNewYork.com has the potential to become one of the largest sites in the FundingUniverse.com family.

“New York has always been a place where innovations have thrived,” he said. “As more investors register on the site, more business will be funded, and New York’s economy will benefit tremendously.”

FundingUniverse.com was founded by Internet entrepreneur Paul Allen (no relation to Microsoft’s Paul Allen) and former Novell General Counsel David Bradford. Their creation has helped entrepreneurs meet dozens of angel investors throughout the nation.

Investors and entrepreneurs may register for a free FundingNewYork.com account by visiting www.fundingnewyork.com.