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."

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.