Network formed to help Tech Corridor get funds.A Northern California-based investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. , Randy Williams For the baseball player, see . Randy Williams (born 23 August,1953) was an American athlete who competed mainly in the long jump. He competed for the United States in the 1972 Summer Olympics held in Munich, Germany in the long jump where he won the gold medal. , has formed an angel investor 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. network in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. . "We see a lot of emerging growth companies around the Tech 101 Corridor especially and that means great investment opportunities," Williams said. Unlike an investment fund, Keiretsu keiretsu: see zaibatsu. In Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Forum has no fund manager and is made up of its membership committee and a company screening committee. "Each member invests his or her money, and we merely provide the resources and assistance to make investment decisions," Williams said. Brent Reinke, director of the law firm Reed Smith Crosby Heafey's Westlake Village office, which is helping organize the group, said demand for a local angel network has been growing in recent years. "1 was going to start my own angel network because there is a need, but when I talked to Randy and what he was doing, it got me interested in helping him come down here," Reinke said. Ronald Burr, co-founder of Netzero and partner of capital investment firm Westlake Venture Partners in Westlake Village, said he's eager to join the group after meeting with Williams recently. "Looking at it from an entrepreneur's point of view, I can really sympathize with the inefficiencies of getting capital so I can see the benefit in the network," Burr said. Likewise, David Cremin, managing director of DFJ DFJ Dysfunkshun Junkshun (Austin, Texas band) Frontier Fund, said he plans to join the network to help local companies. "This area has been underserved by venture capital," he said. Williams' Keiretsu Forum was established in September 2000 in Northern California. Its members funded 22 companies with $20.8 million in funding over the past two years. Keiretsu is a Japanese term that means a network of businesses that own stakes in one another. |
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