October 16th, 2013
Angel central: Bend launches Cascade Angels to invest in Central Oregon startups
It’s been nice to see the entrepreneurial spirit of Oregonians taking root in other towns. And where startups emerge, capital is wont to follow. Portland has been home to OEN’s Angel Oregon. Eugene has the Willamette Angel Conference. The Columbia Gorge has Gorge Bootcamp. Even Roseburg has its own group of angels. And now Bend—already home to things like the Bend Venture Conference—has upped the ante with the launch of Cascade Angels.
The new fund will launch on October 18, appropriately enough at the Bend Venture Conference. (Seats are still available, by the way.) The fund will be focused on Central Oregon concerns, but may opt to invest in other Oregon companies, as well.
Based in Bend, the fund is committed to Oregon’s entrepreneurial ecosystem and will typically invest in launch stage companies from any industry or market, in investments averaging from approximately $50,000 to $200,000. Investors in the fund must be accredited and will typically come from Oregon, Washington, and California. Funded companies can be from anywhere in Oregon, but the natural bias will be for Central Oregon based companies.
“This is the only fund of its kind in Central Oregon and we have the opportunity to connect the best entrepreneurs and angel investors, providing an avenue to strengthen the entrepreneurial effort in the region,” said Julie Harrelson who has been brought on to manage the fund. “The Cascade Angels will help catalyze economic opportunity in Central Oregon and throughout the state.”
For more information or to participate as an investor, visit Cascade Angels.