Alliance of Angels Grows Professional Fellowship Program; Preston Gates & Ellis, Arthur Andersen, Silicon Valley Bank Sponsor Fellows.Business Editors SEATTLE--(BUSINESS WIRE)--Sept. 12, 2000 The Alliance of Angels, the Northwest's preeminent organization for high-tech 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. , announced today that its Professional Fellowship Program, now in its second year, has selected two University of Washington MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration candidates, Yvonne Muench and Sydney Davis for the Professional Fellowship Program 2000-2001. The Fellows are sponsored by Preston Gates & Ellis, Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , and Silicon Valley Bank. Dan Rosen, Chair of the Alliance of Angels and Managing Partner of Frazier Technology Ventures noted "Yvonne and Sydney were chosen from a strong field of MBA candidates. Each of them brings excellent skills and abilities to continue to grow the Alliance of Angels program." The Alliance of Angels Professional Fellowship is one year full-time position which provides a top-flight candidate with the opportunity to learn about the management and financing of early stage technology businesses from the leading investors in the Northwest, while honing Honing could refer to
recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. graduate program, this unique opportunity combines program management, hands-on research in a real-world setting, and extensive executive level contact with some of the Northwest's leading venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , as well as direct contact with founders and CEO's of start-up companies. The Professional Fellowship program was introduced last year with University of Washington MBA candidate Eddie Chung, Preston Gates & Ellis and Arthur Andersen Fellow. The first year of the fellowship program brought a 65% increase in the AoA membership; over 350 business plans were reviewed; 29 companies presented to the membership and over $4.6M invested in 11 companies. The rapid growth of the program has produced the need for two Program Fellows. The Alliance of Angels is a program of the Technology Alliance (TA), a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to nurturing the growth of technology-based business in Washington State. The TA recognizes that supporting early stage companies is important to the growth and health of our technology economy. To that end, the AoA, a group of over 160 accredited investors, provides opportunities for financing to Northwest technology companies in the early stages of their development. AoA members seek to invest in quality companies with upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar from a variety of technology sectors. For additional information on the Alliance of Angels program and the Technology Alliance of Washington, please visit our website at www.technology-alliance.com. |
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