Lauren Flanagan
Lauren Flanagan
Managing director, Phenomenelle Angels Fund
Madison, Wis.
What kinds of businesses does your angel group invest in?
We primarily do deals in the Midwest. And we look where possible for women and minority-led companies. We like to see proprietary intellectual property. That tends to drive us to IT, biotech, or Web services companies. We will look at a consumer deal but they need some sort of IP that provides an additional barrier to competition, things like patents, copyrights, trademarks.
Given the turmoil in the markets and the economic downturn, what specifics are you looking for now?
With acquisitions being the only exit available right now, you have to look very carefully on pricing [of deals].
