Last year more than $1.1 million raised to support Nevada-based startups
LAS VEGAS – AngelNV has opened registration for its angel investor boot camp designed for both first-time and experienced investors. The boot camp will start next Tuesday, Jan. 14, with weekly in-person and online sessions on angel investing strategies and tactics. Interested investors can sign up and get more information at https://angelnv.com/invest/.
Operated by StartUpNV, a nonprofit incubator and accelerator for Nevada-based startup companies, AngelNV builds a bridge between entrepreneurs who have companies with revenue and accredited investors. The program’s first education series teaches startups how to raise venture capital, and the 11-week angel investor boot camp educates participants about the investing process.
“Each year, AngelNV continues to raise more seed money, attract more investors, and educate more entrepreneurs,” said Jeff Saling, executive director of StartUpNV.
Saling noted that last year’s AngelNV program had 52 investors, who contributed an average of nearly $6,000 each, which in turn generated $1.1 million of total capital invested thanks to the match from the State Small Business Credit Initiative (SSBCI) administered by the Governor’s Office of Economic Development.
Investor boot camp participants invest a minimum of $5,000 to the AngelNV Conference Fund. Together, they award a $200,000 grand prize investment to one of the six finalists they select from the entrepreneur applications during a special entrepreneur pitch event on March 29 at Las Vegas City Hall. The AngelNV investment is then matched by SSBCI funds for a total investment of $400,000. Additional investments may be made to runner-up companies depending on the final amount investors pledge to the AngelNV Conference Fund. These additional investments may also be matched with SSBCI money.
Saling added that accredited investors do not have to participate in the boot camp sessions in order to invest in the AngelNV fund.
StartUpNV launched AngelNV in 2020 to create an angel investment network for Nevada-based startups and attract to the state scalable startup businesses and entrepreneurs with big ideas to build a more diversified and resilient economy. For more information visit: www.angelnv.com.
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