(1888PressRelease)
April 12, 2006 - The Virginia Active Angel Network (VAAN), managed by TJ Capital Group, LLC (TJCG) of Charlottesville, VA, has received an oustanding response to its new private pledge-fund model angel investor group, underscoring the need for organized and available methods for entrepreneurs, scientist and inventors to present opportunities to angel investors in the Central Virginia area. TJCG reviews executive summaries and invites appropriate deals to come before a screening committee, which includes active VAAN members, selecting two for each monthly dinner. Of the 12 deals that have been invited to present in the first six months, there are approximately twice that being monitored and scheduled for future presentations. Of the 12 presenations, all but three had investor interest, five of those were from either the University of Virginia in Charlottesville, VA or Virginia Tech in Blacksburg, VA, two are in formal due diligence, one investment was facilitated on behalf of an investor with sole interest outside of VAAN, and two were introduced and asked to present to other angel groups in Northern Virginia through the New Vantage Group of Mclean, Virginia for co-investment.
TJ Capital Group, a Virginia LLC, manages private angel groups. VAAN is a private group of accredited angel investors in the Central Virginia area that meet monthly for dinner and presentations. TJCG reviews deals across all industries. VAAN also considers co-investments with other Mid-Atlantic angel groups. TJ Capital Group, LLC is a member of the Angel Capital Association, the Charlottesville Venture Group, the Virginia Piedmont Technology Council, and its Managing Partners all hold degrees from the University of Virginia, among other schools. Contact Letitia Green, Managing Partner, TJ Capital Group, LLC for more information (LetitiaGreen ( @ ) VirginiaActiveAngelNetwork dot com) www.tjcapitalgroup.com
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