Gopher Angels ready to fund seed stage tech startups


Their website may not be ready, but their checkbooks are.

Gopher Angels is blossoming in terms of members, meetings and appetite, according to Managing Director David Russick.

The nascent group of organized local angel investors is hosting an invitation only event for seed stage tech companies on the afternoon of May 3rd at the U of M’s Carlson School of Management. An estimated 20 angels, guests and board members — “many of which either come from or are interested in tech” — will be there when three local startups have the floor for eight minutes.

“When we refer to seed, this would include entrepreneurs looking for 10’s of thousands in funding to build a prototype, do consumer or customer surveys, focus groups, legal work, etc. It is not to fund salaries, office space, or other G & A expenses. Strength of the concept is critical as is the potential scalability,” Russick says.

Check out the Gopher Angels on gust to share your venture for a shot at invitation.