Sean O’Connell had bootstrapped or financed from family and friends a previous start-up company, Music Allies. The agency, based here, handles marketing and consulting for music festivals and pop stars, including Justin Timberlake, Ani DiFranco and Jack Johnson.
But he needed some serious backing for his latest venture, Creative Allies, a website that matches graphic artists around the world with music acts and pop-culture brands. ...
He finally found an infusion of capital through private investors in the Inception Micro Angel Fund, or IMAF West, the Western North Carolina chapter of a statewide family of angel investment funds. ...
Locally, IMAF follows in the footsteps of the old Blue Ridge Angel Investment Fund, operated through AdvantageWest, which matched new companies with interested individual investors. ...
Not just anyone can be an angel investor. Under Securities and Exchange Commission guidelines, these investors must have least $1 million in net value, not including their homes, or earn an annual income of $200,000 or more. To join IMAF, individuals pony up $15,000. ...Read the full article
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