Last week, InCrowd Capital reported its expansion into Huntsville as accredited angel investing becomes more popular through the South. Angel investing isn't a new concept, but InCrowd Founder and CEO Phil Shmerling took some time to tell Kelley Boothe at Southern/alpha why he thinks this investment style is on the rise.
Shmerling pointed out that it's cheaper than ever to start a business. Access to the internet, access to the marketplace, cheaper storage costs and little overhead are all factors that make it easier for angels to say yes when they know the startup has traction. Additionally, Shmerling's model is built to handle groups of investors so individuals don't have to invest as much per round.
"We make anyone feel comfortable investing in startups," Shmerling said.
You can read the full article here.
A New York venture capital firm has committed to helping fund the eight startup teams that will next month start developing their plans in the Entrepreneur Center's inaugural Project Music accelerator program. (Applications are due next week.) Digital Entertainment Ventures' involvement will bump to $30,000 the funds each group will receive as part of their 14-week quest. The EC team also has secured a Project Music sponsorship from Google, which will provide "technical, industry and investment expertise." The EC's blog has more info here.
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