MAIN connects angels with innovators

PHILADELPHIA  — Terry Hicks understands the importance of Minority Angel Investors Network everytime he attends the Angel Capital Association meetings.  “We’re the only network of our type,” Hicks said in a phone interview.
MAIN has aggregated 20 experienced executives to invest in startup businesses, not only with money but with their active involvement.  “We’re primarily doing life science companies because that’s what many of our angels are most comfortable with.”
On April 16, Hicks will be part of a seminar at the National Academy of Sciences on early-state capital and small business  innovative research.
He wants to encourage more such networks around the country to support growth companies among African-American businesses.  “Angels are often betrer suited to work with companies and the cost of capital can be lower.”  His group focuses on companies within two-to-three hours driving distance from Philadelphia.

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