MI has new Tax Credit for Angels
Heading to the Governor for signature is HB 5921 the Small Business Investment Tax Credit bill. Finally there is a credit Michigan Angels can use. A big SHOUT OUT to Representative Ellen Lipton for proposing this bill and pushing it all the way to the goal line. This legislation may prove to be one of the most important programs that will release the millions of private capital in Michigan that is currently sitting on the sidelines. It also... [Read More...]
Angels in the open
Business Week just published a list of the most active and successful angels in the country. Check out this article http://bwnt.businessweek.com/interactive_reports/future_of_tech_2010/ The disappointing part of the list is that all investors, except #25, invest in IT companies only. IT of course covers a lot of industry subsectors like software, mobile apps, gaming, computing, internet, etc. But I didn’t see alternative energy, materials,... [Read More...]
Angel investors needed in Michigan
Check out this article in Metromode. http://www.metromodemedia.com/features/detroitangelinvestors0150.aspx It talks about angel investing and the need for more angels in Michigan. They highlight two important people in this space, Rick Galdi and Terry Cross. Great testimonials from these guys. The reporter did a good job contacting several people involved with the angel community who know the importance of developing a strong angel base... [Read More...]
What’s in a Term Sheet?
Not often discussed in presentations about starting a company, particularly an innovative high growth company raising private equity from angels and VCs, is the term sheet. The New Enterprise Forum and Ann Arbor SPARK are presenting a two part program about the various aspects of a term sheet. An attorney, investor and CEO will discuss the many elements of a term sheet and the ramifications of each. The first program is in two weeks, Thursday... [Read More...]
