21st Fund Formed in RAIN Source Capital Network.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- Minnesota-based RAIN Source Capital and Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. angel investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. have formed the Boise Angel Fund, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The fund is currently capitalized at $800,000 and has 15 members, including local angel investors, institutions, and RAIN Source Capital. The fund will invest primarily in companies in Idaho and the Intermountain in·ter·moun·tain adj. Located between mountains or mountain systems, especially lying between the Rocky Mountains and the Sierra Nevada or Cascade Range in the western United States. region. In addition, RAIN Source has contracted with Kevin Learned, business leader and member of the Boise Angel Fund, to serve as RAIN Source Capital's Idaho field agent. "This is our first fund in Idaho and we see strong interest from area angel investors in supporting growing companies," said Joan Wurzer, executive vice president of RAIN Source Capital. "Kevin will help establish more RAIN funds in Idaho in the months ahead." This is the 21st RAIN([R]) fund to be formed through RAIN Source Capital, which includes a multi-state network of angel funds. An active investor in each fund, RAIN Source Capital also provides a process for due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , legal templates, management support and other resources. Each fund determines what industries it will focus on, and the type and level of financing, based on member interests and expertise. The RAIN funds are also able to draw upon the expertise and deal flow from across the network. Learned led the effort to organize the Boise Angel Fund and, in addition to being a fund member, will provide support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the fund. "This fund grew out of the Boise Angel Alliance, which reviewed deals but didn't have investment dollars," he said. "RAIN Source Capital has a very effective model for how angel investors can work together. We also see great benefit in being able to tap into other RAIN funds for deal flow and expertise." Angel investors are typically defined as individuals with annual income exceeding $200,000 and/or having a net worth of more than $1 million. In 2006, angels invested $25.6 billion in 51,000 U.S. businesses. For information on the Boise Angel Fund, contact Learned at kelearned@msn.com. About RAIN Source([R]) Capital RAIN Source Capital (www.rainsourcecapital.com) is a multi-state network of RAIN([R]) funds that works with angel investors interested in supporting growing companies. |
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