Cary, NC – Last week, the News & Observer published a story about the surge in organized angel investing in the Triangle. Writer David Ranii interviewed several experienced angels in the Triangle, including CIC Executive Director Bill Warner.
The N&O pointed to the formation of organized angel investing groups as a bullish sign for the region.
Angel investors typically have to be accredited by the Securities & Exchange Commission and have a net worth of over $1 million. The risks are high, but the rewards can be worth it.
Bill Warner, co-organizer and fund executive of IMAF-RTP, estimates that for every 20 angel investments, 11 will be strikeouts; eight will be singles, doubles and triples; and one will be a home run. The goal is for the hits to outweigh the strikeouts and generate a tidy profit. – N&O
Photo by Gardner Campbell.