Venture Capital: Finding a Rich Angel

Anyone interested in expanding a business may do well to look into venture capital as venture capitalists are willing to invest in a new or growing business venture for a percentage of the equity.

With federal and state money getting harder to come by, and banks experiencing problems of their own that restrict their willingness to loan money, it could be a good idea to look into venture capitalism. There are both associations and venture capital clubs that business can approach for funding. Below is a partial listing.

Associations

The National Venture Capital Association's (NVCA) (Arlington, VA) members include venture capital organizations, financiers and individuals interested in investing in new companies. The directory is available for $150, and it can be reached at www.nvca.org or at (703) 524-2549.

The Western Association of Venture Capitalists (Menlo Park, CA) publishes a directory of its 130 members. It can be reached at (650) 854-1322.

The Technology Capital Network at MIT (Cambridge, MA) tries to match entrepreneurs in need of capital with venture capital sources. Investors and entrepreneurs can register with the network for up to 12 months for $300. It can be reached at www.tcnmit.org or at (617) 253-2337.

Venture Capital Clubs
The International Venture Capital Institute (IVCI) (Stamford, CT) publishes an annual directory of domestic and international venture groups (venture capital clubs). The cost of the 1995 IVCI Directory of Domestic and International Venture Groups is $19.95. The institute can be reached at (203) 323-3143.

Other Clubs in the U.S.
Birmingham Venture Club
Birmingham, AL
(205) 323-5461
www.birminghamchamber.com

Venture Capital Investors
Little Rock, AR
(501) 372-5900

Tech Coast Venture Network
Tustin, CA
(714) 505-6493
www.tcvn.org

Rockies Venture Club, Inc.
Denver, CO
(303) 831-4174
www.rockiesventureclub.org

Connecticut Venture Group
Fairfield, CT
(203) 256-5955
www.ct-venture.org

Baltimore-Washington Venture Group
Michael Dingman Center for Entrepreneurship
College Park, MD
(301) 403-4290
www.rhsmith.umd.edu./dingman

Gold Coast Venture Capital Club
Boca Raton, FL
(561) 488-4505
www.beaconmgmt.com

Hawaii Venture Group
University of Hawaii, OTTED
Honolulu, HI
(808) 533-1400
www.hawaiiventuregroup.com

Rocky Mountain Venture Group
Idaho Falls, ID
(208) 526-9557

Iowa City Development
ICAD Group
Iowa City, IA
(319) 354-3939

Madison Dearborn Partners
Chicago, IL
(312) 895-1000

Kentucky Investment Capital Network
Frankfurt, KY
(502) 564-4300, ext. 4315

Mid-Atlantic Venture Association (MAVA)
Timonium, MD
(410) 560-5855
www.mava.org

Venture Capital Fund of New England
Boston, MA
(617) 439-4646

Ann Arbor Chamber of Commerce
Ann Arbor, MI
(734) 665-4433
www.annarborchamber.org

St. Paul Venture Capital
Minneapolis, MN
(952) 995-7474
www.stpaulvc.com

Missouri Innovation Center
Columbia, MO
(573) 446-3100

Montana Private Capital Network
Poulson, MT
(406) 883-5677

Grand Island Industrial Foundation
Grand Island, NE
(308) 382-9210
www.gichamber.com

Venture Association of New Jersey, Inc.
Morristown, NJ
(973) 984-9634
www.vanj.com

New York Venture Group
New York, NY
(212) 832-7300
www.nybusiness.com

Greater Columbus Chamber of Commerce
Columbus Investment Interest Group
Columbus, OH
(614) 225-6087
www.columbus.org

Oklahoma Venture Forum
Oklahoma City, OK
(405) 636-9736

Oregon Entrepreneur Forum
Portland, OR
(503) 222-2270
www.oef.org

Enterprise Venture Capital Corporation of Pennsylvania
Johnstown, PA
(814) 535-7597

Dakota Ventures Inc.
Rapid City, SD
(605) 348-8441

Capital Southwest Venture Corporation
Dallas, TX
(972) 233-8242
www.capitalsouthwest.com

Utah Ventures
Salt Lake City, UT
(801) 583-5922

Vermont Venture Network
Burlington, VT
(802) 658-7830

Richmond Venture Capital Club
Richmond, VA
(804) 359-1139
www.ventureclub.com

Northwest Venture Group
Seattle, WA
(425) 746-1973

Enterprise Venture Capital Company
Summerville, WV
(304) 872-3000

Wisconsin Venture Network
Milwaukee, WI
(414) 224-7070
www.maxnetwork.com/wvn

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