FundingUtah.com is now in beta testing mode. Utah entrepreneurs can post their business summary and even have their own blog (about their startup company). Interested angel investors can learn about businesses that are seeking capital and can initiate contact with the entrepreneurs.
After we fix bugs and respond to suggestions from investors and entrepreneurs the site will be formally launched in a few weeks. We are planning to invite several hundred angel investors and high networth individuals to join.
Please join (if you are a Utah investor or entrepreneur) and spread the word. We hope to keep the basic service free to attract many members, and we may add premium features or services down the road.
Other angel matching services include The Canadian Angel Investment Network and FundingPost.com in the U.S. vFinance.com is also a very popular site. But none of these are as narrowly focused geographically as angel investors require. We think a local focus will result in more successful deals.
Our goal with this site is to increase deal flow in Utah. We want every member of FundingUtah.com to join LinkedIn.com so that trust can be developed more quickly between investors and entrepreneurs. If they have a mutual friend or acquaintance, we think trust will be established more easily.
We will also encourage them to participate in networking groups like the Utah Valley Entrepreneurial Forum, Mountain West Venture Group, and take advantage of services and events from the Larry Miller Business Innovation Center and the Wayne Brown Institute, which hosts events for entrepreneurs to pitch investors.
I think we’ll add a calendar of entrepreneurial events soon as well.
Please spread the word and tell us what else you want this service to offer. (Or if you would like to see this service available in other states/countries, please let us know.)