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Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angelcapital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.
Wikipedia notes that “in 1996 there were about 10 angel groups in the United States. In a report on startup investing and “How the Rich Invest” Forbes notes that the AngelCapital Association counted more than 330 active angel groups in North America as of 2013. There were over 200 as of 2006.”
In 2013, Dr. Hagen joined with two more brilliant minds, Rita Hansen and Dr. Jeff Witwer, and together, they founded Onboard Dynamics. The company was nominated by Golden Seeds, an angel funding group that met Onboard Dynamics at the annual ACA Summit in 2018. The following September in 2014 the company received a $3.6
Y Combinator, a leading incubator, invented the original (pre-money) SAFE (Simple Agreement for Future Equity) in 2013 to provide an easy, fast and cheap way to fund the dozens of startups comprising a Y/C batch. Author: Ronald Weissman , Band of Angels and Vice Chair, AngelCapital Association Their rationale was simple.
Even though we decided not to pursue this model at InboxDollars, I continued to think about it and eventually decided to start angel investing as a personal hobby in 2013. MY 2013 ANSWER TO “WHY?” A lot of new things. What I didn’t expect is just how much overlap there would be with my core job responsibilities.
The outlook for Series Seed startups raising Series A is tougher than it has been but is still stronger than for companies raising later stage capital. FIGURE 17: NUMBER OF COMPANIES ANNOUNCING NEW FINANCING ROUNDS Source: Crunchbase In 2022 the demand for capital outstripped the supply and this gap worsened as the year progressed.
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