Company: New York Angels
Description: New York Angels is a prominent member-led organization dedicated to identifying and supporting promising young companies from the initial pitch stage through to successful exit strategies. With a robust membership of 120 individuals, New York Angels is composed of entrepreneurs, CEOs, venture capitalists, and business leaders who have a wealth of experience in founding, funding, and developing world-class companies. The diverse professional backgrounds of its members contribute to an extensive network that provides vital entrepreneurial support.
The organization places a strong emphasis on mentorship and investment. Members of New York Angels actively engage with the entrepreneurs they choose to fund, providing guidance that includes serving on boards, facilitating industry contacts, and assisting with essential activities such as team building, strategic planning, and fundraising. The overarching mission of New York Angels is to cultivate an engaged and informed angel investment environment in New York City, thereby enhancing opportunities for entrepreneurs to secure financing and achieve successful exits.
New York Angels offers its members avenues for generating compelling financial returns through investment in early-stage companies and fostering their journey toward market leadership. The organization participates in investments ranging from $100,000 to $2 million, collaborating with a wide network of angel groups and venture capital firms to syndicate funding rounds of up to $3 million.
Since its inception in 2004, New York Angels has established itself as the leading seed investment organization in New York City, with its members having invested over $112 million into more than 270 innovative startup companies. Notably, through their involvement with New York Angels, members were among the first investors in successful ventures such as Pinterest and Comixology. Additionally, the portfolio companies of New York Angels have attracted the attention of industry giants, with acquisitions made by companies including Google, Intel, CBS, LivingSocial, and others.