Florida website launched to connect Entrepreneurs with Angel Investors
April 29, 2006 (PRLEAP.COM) Business News
The Florida Investment Network, found on the web at www.FloridaInvestmentNetwork.com, allows angel investors (wealthy individuals who invest their personal funds into early-stage firms) to register online free of charge to review investment proposals from Florida entrepreneurs. The service enables entrepreneurs to submit their investment proposals free of charge. Only when a match is made with a suitable investor, are the entrepreneurs required to pay a one-time fee of $199 and subsequent matches are free for up to a year.The Florida Investment Network was created to fill the needs of investment matching in the Florida and southeastern states marketplace. The network's principals have a diverse range of experience specializing in business acquisitions, government and information technology.
"Odds are 1 in 2,500 that a business plan will get funding with a bank loan. As an entrepreneur, I saw a need to create a forum to bring Entrepreneurs and angel investors together for the benefit of both parties," said Stephen Wycoff, Managing Director of the Florida Investment Network. "The website is a user-friendly and effective tool to either find money for your business or find an investment that suits your needs."
American angel investors invest more than $20 billion into small businesses annually. Even with this amount being invested, a common complaint by investors is that they cannot source enough opportunities. With current down turns in the stock markets, investors are becoming more concerned with where to put their hard earned money.
Entrepreneurs are voicing similar frustrations. There are over 24 million small and medium sized businesses in the US and banks are not nearly as open as they were a few years ago to financing these companies.
"The website also promotes Hometown Investing. Most Entrepreneur’s find Angel Investors within 50 miles of where they live." added Wycoff.
About the Florida Investment Network
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The Florida Investment Network is an online matching service connecting entrepreneurs seeking capital with angel investors. It is owned by the Wycoff Financial Inc. The Florida Investment Network is the first of its kind for the southeastern US states that offer this format of matching. For more information go to www.FloridaInvestmentNetwork.com.