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Silicon Pastures wants to educate angel investor community

Monday, December 10, 2018   (0 Comments)
Posted by: Nick Williams, Milwaukee Business Journal
Wauwatosa's Silicon Pastures Angel Investment Network, a network of investors in early-stage and startup companies, will be hosting a free educational series for current and prospective angel investors in the coming months.

The first class takes place Dec. 18 and is capped at 18 attendees. Additional angel education classes will take place on Feb. 13, May 15, and July 17 of 2019.

In Wisconsin, angel funding was the most common method of funding in 2017, accounting for 52 percent of investment deals, according to Madison's Wisconsin Technology Council.

Last year, 127 early-stage Wisconsin companies raised more than $231 million, the second-highest raise recorded in Wisconsin, but investment at the early stage level continues to fall in the state, the WTC says. In 2017, 37 percent of companies that sought funding were doing so for the first time, down from 38.7 percent in 2016 and 48 percent in 2015. To add, only 5.9 percent of investments made in 2017 came in the form of seed financing (very early stage investments, typically between $10,000 and $2 million), a decrease from 11.1 percent in 2016 and 17.9 percent in 2015.

Health care and information technology companies are the most heavily-funded in Wisconsin, accounting for nearly 80 percent of all investment deals.

Wisconsin, and the Milwaukee-area specifically, needs more early-stage investment activity to grow the startup ecosystem here, several leaders in the startup community have said.

In 2017, 24 companies across the country pitched their business to Silicon Pastures Angel Investment Network throughout eight meetings held in Milwaukee, Teresa Esser, the network's managing director, previously told the Milwaukee Business Journal.

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