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FundingUtah.com
Paul Allen, with the help of some friends, has put together a Web site aimed at bringing investors and entrepreneurs together. The site is called FundingUtah.com and had its official coming out party today at a lunch featuring Governor Jon Huntsman.
“In my work with scores of great entrepreneurs, it became clear that virtually every new business struggles to find financial backers,” stated Allen. “At the same time, there are thousands of wealthy Utahns who might become angel investors if they knew about some of the exciting ideas and teams that are being created here. FundingUtah.com enables and accelerates these relationships.”From Connect :: Resource/Article :: FundingUtah.com is First Matching Service for Utah Entrepreneurs and Investors
Referenced Tue Apr 26 2005 13:11:59 GMT-0600 (MDT)
The site is free to both investors and entrepreneurs. After registering as an investor, you can browse the business plans. I had breakfast with Paul yesterday and he indicated that the site has already helped bring several investors together with companies needing funding.
Posted by windley on April 26, 2005 1:09 PM
Comment from Philip Weiss at May 2, 2005 4:06 PM
A couple of the proposals I looked at seemed investment worthy. But quite a few of them are MMF schemes in disguise. A bunch of others could really use someone to help them write up their business plans realistically, as I'd be hesitant to invest money with pie-in-the-skynumbers.
It's a nice idea though. I wish we had something like it in Washington.
Comment from Phil Windley at May 2, 2005 9:48 PM
Hey Phil! I presume you're the same Philip Weiss I knew many moons ago.
I don't think there's much in the way of filtering yet, but their could be. Right now, the model is to let business plans of all sorts be uploaded and for investors to find the ones they like. As you found out, it's not hard to throw out most of the refuse.
Comment from Trent Miskin at May 4, 2005 11:17 PM
I am the developer of FundingUtah.com, and I have just finished a rating system for the plans this week, and I am going to be adding a prefiltering system this week. Our service will be going to all states in the U.S., so stay tuned.