The fact that our membership has increased so much means the ATA has a much greater amount of potential capital to invest in early stage companies.
ATLANTA (PRWEB) January 20, 2012
No one can say the angel investment community in Atlanta has been inactive in the past year. During 2011, the Atlanta Technology Angels (ATA) had a significant renaissance in terms of the size of its membership and the number of investments made.
Under the leadership of Mike Eckert and an active board of directors, the ATA increased the size of its investor-member base from 26 to 72, an increase of near 300 percent. More importantly, the growth in its investor base coupled with an improved deal screening and review system brought about a record number of investments in 2011. In 2010, the ATA invested in one deal. Compare that to 2011, when the ATA completed 11 deals…and currently is in final due diligence stages with four additional companies it reviewed in 2011!
“The fact that our membership has increased so much means the ATA has a much greater amount of potential capital to invest in early stage companies,” adds Eckert, ATA’s executive chairman. “We saw this in 2011 with a 600-percent increase in the number of new deals our members invested in, and our momentum is building.”
The six new deals the organization invested in included HireIQ Solutions, Verdeeco, BrightWhistle, Evgentech, Pretty in My Pocket and TripLingo. ATA’s members also made follow-on investments in five companies they had previously invested in: Preparis, Centrafuse, Qcept, SoloHealth and TerraGo.
The ATA has emerged as a leading source for early stage capital in the Southeast, and the word is spreading. The group has evolved from simply meeting once a month to look at a few investment opportunities to an in-depth professional investing organization with highly motivated members who actively invest in well-screened companies.
“Part of the mission of the ATA is to create an experience to help members become savvy and sophisticated angel investors, attending educational sessions provided by the ATA about all facets of angel investing,” says Eckert. “As our members become more knowledgeable about angel investing, they are more given to invest. Our members also actively participate in deal-screening processes, ensuring that the investment opportunities they look at are well considered.”
The ATA has also become active in the entrepreneurial community, leveraging the broad knowledge of its members—many of whom are successful entrepreneurs in their own right—to participate in educational programs that help early stage companies and entrepreneurs improve their business models and prepare to raise capital.
“If we can help these early stage companies be better prepared to raise capital, they will be more successful in doing so,” explains Devon Wijesinghe, ATA board member.
The ATA will continue to invest in promising technology ventures in Georgia while assisting their companies in every way possible, including helping influence positive exits. Angel investing is all about increasing the batting average of wins for these companies, and ATA (and its investors) will continue to help steward them in the right direction for the new year.
About Atlanta Technology Angels:
The Atlanta Technology Angels (ATA) is an investment group, founded in 1998, that invests in early stage technology companies based in Georgia. ATA is an active source of private capital and business experience for local technology entrepreneurs.
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