Angel Investment Forum moves south to Jupiter site - South Florida Business Journal:

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The Gunster Yoakley & Stewary associate is the new chairman ofthe three-year-old nonprofit Angel Investment Forum of Florida The group recently changed its name from the . It’se a loose-knit but individually powerful group whosw 50 regular members have millions of dollars to lend or invesrt in startups andbusiness expansions. Others in the group offer capita raising, marketing, accounting and legal services. “It’s a dynami group, but has a low profilr because all the meetings have been held in Robbins said. “We are relocating the meetings to the inJupitetr – more central for both Sout Florida and Treasure Coast participants.
” The new venure is located just off Interstate 95 in the immediate proximity of ’w Jupiter campus, plus the and biotechnology research sites. The firsy meeting there is scheduledfor Sept. 9 at 5:30 p.m. AIFFLL Executive Director Marcy Brennan said her groupcomprises entrepreneurs, investors and professionap service providers. “We expect to double the membershil thisyear – especially the angel investore – with this more central and convenient meeting she said.
“Even for those in Stuart, it’s not that far AIFFL used to have a central Florida chapter inthe Villages, a larg e country club community south of Ocala, but it closed in “We expected the Villages’ residents to be a good sourc of investment, and to draw entrepreneurs from Tallahassee, Tampa and Orlando, but it just didn’t work out that way on a regulaer basis,” Brennan said. There will likely be substantial crossovee between members of the AIFFL andthe (GCVCA), whicu meets regularly in Boca Raton.
“I think it’as good for the community that AIFFL is widenin gits footprint,” said David Bates, GCVCA chairmamn and a shareholder in Gunsted Yoakley & Stewart. He sees the Jupiter move as a shrews marketing strategy to grow citinghis group’s membership, which grew to more than 300 over the last two yearsz in southern Palm Beach County. “There are more than enough investment angelsz looking for good dealsin today’a competitive environment for both organizations,” Bates GCVCA is typically pitched by young companies looking for mezzanine investing in the $1 millionn to $5 million range, whilwe AIFFL gets pitched more by startu p companies looking for $50,00p to $1 million.
Brennan said: “We have seen some remarkabl ground-floor opportunities in medical devices and great creativityt across the board in thetechnologyt field.” Web site: E-mail: marcy@aiffl.org