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New York Angels

From Wikipedia, the free encyclopedia
New York Angels
IndustryVenture capital
HeadquartersNew York, New York
ProductsVenture capital
Websitewww.newyorkangels.com

New York Angels is an organization of seed capital angel investors that provides equity capital for early stage companies, primarily in the field of technology and new media. It is based in New York City. Members typically invest between US$100,000 and US$1,500,000 in companies that have begun operations, but have not reached a stage for acquiring venture capital.

In 1997, NYNMA co-founders, including Brian Horey, Laura Sachar, Alain Bankier and Jason Wright, facilitated the creation of the program to match new entrepreneurs with experienced Angel Investors. Following the crash of the dot-com bubble, NYNMA was disbanded and, in 2003, some of its remaining active angel investors spun themselves off into a separate, not-for-profit group under the leadership of David S. Rose, a serial entrepreneur and investor.[citation needed]

Since 2003, New York Angels has invested over $120 million into more than 290 early stage companies, mainly in the New York area. Its 130 accredited investor members include Gideon Gartner (Gartner Group and GIGA), Esther Dyson (Release 1.0 and PC Forum), Alan Patricof (Apax Ventures and Greycroft Partners), Scott Kurnit (About.com), Roger Ehrenberg (IA Capital), Jeff Stewart (Mimeo.com), Jon Whelan (AfterNIC.com), Linda Holliday (Digitas Health) and other technology entrepreneurs. The group also accepts venture capital firms as members, among which are First Round Capital, SoftBank Ventures Korea (SBVK), RRE Ventures, and SAVP/Greenhill.[citation needed]

New York Angels was the inaugural member of the professional trade group of American angel investor organizations, Angel Capital Association.[citation needed]

Leadership

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Founder Rose and former chairman Brian Cohen[1] each serve as New York Angels chairman emeritus, with Mark H. Schneider as chairman, and Elizabeth Lindsey as executive director. [2]

References

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  1. ^ Pozin, Ilya (13 November 2014). "20 Entrepreneurs Shaking Up New York's Tech Scene". Forbes. Archived from the original on 11 November 2016.
  2. ^ "Members". May 14, 2020. Archived from the original on May 4, 2020.
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