Friday, May 6, 2011

Would you like to join an Angel network?

The largest Accredited Angel investor and private equity network, Keiretsu Forum, has opened a new chapter in Philadelphia with the help of Howard E. Lubert. He visited West Chester University's Graduate School of Business to speak to the students and business people who attended the Cottrel Entrepreneurial Center's Networking breakfast this morning.

After only two months in operations, his chapter is already receiving 10-12 applications a month from eager entrepreneurs looking for Angel funding. The beauty of the Keiretsu Forum's operational system is a formal review process that opens the doors to entrepreneurs who previously needed to know the right person to access Angels. Both pre-revenue and operational start-ups are welcome to apply and, after an initial screening, are given an opportunity to briefly present their plan to the group.

Mr. Lubert is founder and managing partner of Safehatch, a tech focused due diligence company. After 20 years of technical due diligence, Mr. Lubert has developed a model against which to evaluate technology start-ups that can be expanded to most business types. Imagine a stool with three legs. The three legs can be of different sizes, materials, or thicknesses but must join to support the seat. The three legs represent the people, the plan and the technology that will support the marketplace. You can read more about the Keiretsu Forum and this model at the Keiretsu Forum's website. http://www.keiretsuforum-phl.com/.

Like the West Chester LLC, The Philadelphia Keiretsu Forum supports economic development in our region by connecting investors to new businesses. For the Philadelphia area, and the Greater West Chester Area in particular, we must embrace and embolden small businesses to sustain and grow our communities.