Sunday, January 13, 2008

Investors form $5.2M fund to help start-ups

Local angel investors are pooling their money through Nashville Capital Network to create a $5.2 million fund for entrepreneurs said to be the first of its kind in Tennessee.

Sid Chambless, executive director of Nashville Capital Network, says the fund allows the 50-plus investors in his group, who have individually invested $10 million in 13 early stage companies, to pool their money into a fund that will capitalize an additional 10 to 12 start-up businesses.

Visit the Nashville Business Journal for more.

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