Fierce competition for angel funding by Beth Fitzgerald for NJBIZ.com

Early-stage ventures seeking capital gathered at the Venture Association of New Jersey entrepreneurship expo today in Hanover amid a climate for raising money that is flush with both competition and opportunity.

Ted Hayes, managing director of the angel investment group Golden Seeds, was among the panelists who critiqued the pitches that the entrepreneurs delivered about their ventures. Hayes said Golden Seeds invests in ventures created and run by women, and about 80 percent of the group’s 300 angels are women.

While the entrepreneurs say it’s tough to raise money, “I don’t see it being that tight at all,” Hayes said. “I see more money out there, ready to be invested, especially in the angel side,” though he said later-stage money from venture capital firms may be tighter. And he is seeing syndications among angel groups that join forces to back new ventures.

Hayes is looking for good ideas and a great team: “It is really the people that matter, the team, the founders. Trying to assess them is the most important thing for me.”

Read the full article here ->

harini