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Angel, venture investors still looking to make deals

Pat Patera

A slumping economy hasn’t dampened the

interest of angel investors in the Silver and

Gold Conference, says Dave Archer, executive

director of Nevada’s Center for

Entrepreneurship and Technology.

NCET presents the annual event alongside

Golden Capital Network. The conference,

which looks to match investors with start-up

companies, is scheduled in Reno this week.

This year’s event has drawn the same

number of angel investors as prior years,

Archer says.

“Will economy change the amount of early

stage investing? If you’re a high net worth individual,

this could be a good time to invest in

start-ups,”Archer says. “Nobody wants to be

in the stock market right now.”

Bob Goff, founder and chair of Sierra

Angels headquartered at Incline Village, says

that during the first half of this year, investor

activity was nearly as strong as last year.

“Venture capital was down, but angel

investing remains strong,” he says.”By nature

it’s a long-term investment.”

In fact, Goff adds,”History shows some of

the best starter companies got investment during

times of downsizing by larger corporations.”

That’s because when corporate workers

lose their jobs, they apply their creative ideas

to business start-ups.

Sierra Angels provides coaching and connections

as well as capital.

Scott Wait, a managing director of the

McLean Group in Reno, says,”We’re still seeing

activity in middle market: $5 million to $50

million. There’s no credit crisis for this segment.”

Activity persists on both buying and selling

fronts, he says, adding that “The technology

and health care segment is still doing fine.”

McLean Group helps companies fund

transactions and find investors.

The 8th Annual Silver & Gold Venture

Capital Conference Tuesday at the Peppermill

Convention Center will showcase up to 40

start-up companies seeking seed and earlystage

investment capital. Investors from

throughout the West will listen to the company’s

sales pitches.

The conference also will feature the Best of

the West Early Stage Expo, which brings

together all critical components of the earlystage

value chain entrepreneurs, angel

investors, business and technology executives

during the conference reception. The opening

“Ballroom Blitz” allows all presenting companies

make one-minute “Power Pitches” to

introduce their business.

Registration information is online at goldencapital.

net.