A new and loosely organized resource called AngelPolleNation (APN) has recently surfaced for accredited angel investors seeking to increase their involvement in Minnesota startups.
The industry agnostic networking group is spearheaded by attorney Jeffrey Robbins of Messerli & Kramer P.A., who “has been representing entrepreneurs that start/grow technology ventures, and early-stage investors who fund them, for nearly 30 years.”
The core thesis of the initiative is developed around three pillars: awareness, communication and education.
“The best way to increase velocity within local angel investing is to get people talking to each other,” says Robbins. “The local angel scene has all but disappeared from our market and I felt that there needed to be a better way to both broaden the depth and better organize accredited angel investors. We have a lot of potential in Minnesota and APN was created to serve as a resource for all — from the sidelined passive investor to the most active.”
In contrast to other well-known groups of a similar nature, namely Twin Cities Angels and RAIN Source Capital, Robbins cites some key differences: (1) APN does not directly involve committed capital, (2) the focus is strictly local and (3) participation is open and easy.
Last month, the first APN meeting drew approximately 70 local investors at Interlachen Country Club for two hours of mingling and interactive presentations by Joy Lindsay of StarTec Investments, Twin Cities Angels John Alexander and Todd Leonard from the Minnesota Angel Network.
Robbins anticipates regular quarterly meetings moving forward and the next AngelPolleNation event is set for Tuesday, September 13, at the same location. Mike Berman will discuss ‘the five best and five worst lessons he’s learned as an angel investor’ and two companies selected as ‘purple belt’ by the Minnesota Angel Network will give live pitches.
Accredited investors may contact Jeff Robbins at (612) 672-3706 or [email protected] with questions and registration details.