Investment group considers flood victims
Last Updated: 15:55 September 17, 2013
The Boulder-based group wants to help startup companies who need money to put flood recovery ideas in action, according to a press statement.
The group also wants to help companies and homeowners who might need flood-related financial support. Once the group receives information from potential recipients, investors will make a decision on how to proceed, said Elizabeth Kraus, a spokeswoman for the group.
The group is made up of 18 accredited investors in Colorado - people who have a net worth of more than $1 million in assets or more than $200,000 in salary per year, Kraus said.
As a group, the investors typically put $5,000 to $1 million on any given project, either in the form of equity in a business or in a loan, Kraus said.
An "angel" group commonly is a group of individual investors who invest in companies without publicizing their names or the amounts of their investments.
In addition to the core investors, the Impact Angel Group also works with a network of 292 other angel investors around the United States, Kraus said. The group's website is impactangelgroup.com.
Impact Angel Group is soliciting information through a survey posted on its website at http://www.surveygizmo.com/s3/1365698/Colorado-Flood-Recovery-Survey.
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