Scott Shane
Scott Shane
Member, North Coast Angel Fund
Cleveland, Ohio
What kinds of businesses does your angel group invest in?
The most important thing is that it is [a] highly scalable, high-potential business. We are talking about having a shot at generating over $50 million in sales in five to seven years. And technology businesses tend to be the ones that can grow really fast and become very large.
Given the turmoil in the markets and the economic downturn, what specifics are you looking for now?
The greatest effect is what it is doing to the net worth of investors. The investors may feel like they have half as much money as they used to. And that makes it harder to get money from them.
