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January 16, 2006
Two Other Plan Listing Services
Funding Post and Funding Universe These two services both claim that they are "matching angel investors and entrepreneurs" like 504bank. Fundingpost charges a 100 dollar fee for the first 3 months and 30/month after that. They make the bigest claim about capital available at 81B dollars! Funding Universe is free to post and claims 514M in capital from 738 investors.
Funding Post seems to concentrate more on the east coast, most of their lunches and such seem to be in the Virginia area. Funding Universe was started less than a year ago in Utah as FundingUtah.com by Paul Allen of myfamily.com and Infobases.
All three of these services are seeking to meet the needs that are inherent in a fragmented system. There are something like 50,000 active angel investors in the U.S. and probably more than a million entrepreneurs that would like to find equity funding at any one time, but maybe only 100K of them that are actively searching, it's really impossible to know the exact numbers. It's clear though that a lot of capital exists that seeks to be invested in high growth companies but with very little organization. Next we'll look at what the investors want.
Posted by bizfund at January 16, 2006 11:33 AM