New York SBDC Research Network

An article titled " Perform Due Diligence on Potential Investors " appeared recently on Business Week's website. Its author (Tom Taulli) reminds those pursuing venture capital and/or angel financing that, despite current lending conditions, there's still an obligation to review the qualifications and histories of potential investors. Just because traditional lending sources have tightened is no reason to act desperate, and give away too much during negotiations. Several suggestions are then offered as to what "due diligence" should be done. In addition to these, I recommend these two sites (both of which I've recommended in previous blog posts): 1) TheFunded (written about here on 5/21/07) 2) Punctuative - the Venture Capital Database (written about here on 8/6/08) Both sites are useful in that they enable those seeking investment to comment, critique, and/or condemn the performance of some funds out there. A little background, then, can only help.

I've posted about web-based directories for angel investors before, but here's yet another site that your clients can use. This one focuses squarely on angel groups by region within New York State, so it's right up our alley: "Angel investor groups across New York State" http://bianys.com/node/76 (Thanks [again] to the Business Incubator Association of NYS for pointing this out to me.)