It is through angel investment that entrepreneurs get the funding they need to start businesses that invigorate the nation's economy. According to the Economist,
St. Cloud, MN (PRWEB) October 3, 2007
Robert J. Weber, CEO and Co-Founder of W3i Holdings, LLC, was the keynote speaker at the 4th Annual RAIN Makers Conference held at the St. Cloud Civic Center in St. Cloud, MN. Rob shared his story both as a young entrepreneur that raised seed capital to start a high growth business to becoming an early-stage angel investor himself for other potentially high growth businesses.
"It is through angel investment that entrepreneurs get the funding they need to start businesses that invigorate the nation's economy. According to the Economist, "America gets more than half of its economic growth from industries that barely existed a decade ago." "The Internet has opened a new frontier for entrepreneurs. Growing our business to $27 million and over 50 employees has been a challenge. We have always utilized the advice and support of our investors." comments Rob.
"RAIN Source Capital provides a solid template that makes it possible for people who'd like to be active investors to step up to the plate. Through the RAIN® funds, individual angel investors can share the expertise, the capital, the work, the risk and the financial and emotional rewards of supporting entrepreneurs, building growing companies, and having a positive impact on their community, as well as making money." said John Reid, RAIN fund member.
W3i delivers proven unconventional marketing solutions. With over 15 million unique users each month, W3i provides a receptive consumer base for customized, targeted marketing programs including software marketing, lead generation, display advertising and product placement. The three Weber brothers, owners of W3i, are recent winners of the Ernst & Young Entrepreneur Of The Year® 2006 Award in the Minnesota and Dakotas region.
W3i Holdings, LLC, was established in 2007 to unite all its business services that were formerly known as Freeze.com, LLC, founded in 2000. Freeze.com continues to be a flagship consumer brand for W3i, along with Ringtone.com, ScreenSaver.com and Wallpapers.com. Today W3i employs more than 60 Internet professionals in central Minnesota. To learn more about W3i, visit W3i.com.
About RAIN Source Capital:
RAIN Source Capital (rainsourcecapital.com) is a multi-state network of RAIN funds that works with angel investors who are interested in supporting growing companies. RAIN Source helps bring together like-minded angel investors to form individual RAIN funds - and then provides these funds with capital, legal templates, a process for due diligence, management support, access to deal flow and other resources. RAIN funds share expertise, deals and experience between and among RAIN Source Capital's multi-state network.