New York Angels is an organization of

seed capital Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' su ...

angel investor An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...

s that provides

equity capital In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $ ...

for early stage companies, primarily in the field of technology and new media. It is based in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. Members typically invest between US$100,000 and US$1,500,000 in companies that have begun operations, but have not reached a stage for acquiring

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

. In 1997, NYNMA co-founders, including Brian Horey, Laura Sachar, Alain Bankier and Jason Wright, facilitated the creation of the program to match new entrepreneurs with experienced Angel Investors. Following the crash of the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

, NYNMA was disbanded and, in 2003, some of its remaining active angel investors spun themselves off into a separate, not-for-profit group under the leadership of David S. Rose, a serial entrepreneur and investor. Since 2003, New York Angels has invested over $120 million into more than 290 early stage companies, mainly in the New York area. Its 130 accredited investor members include

Gideon Gartner Gideon I. Gartner (March 13, 1935 – December 12, 2020) was an American businessman, entrepreneur, educator and philanthropist. Often referred to as the father of the modern analyst industry, he is best known as the founder of Gartner, Gartner, I ...

(Gartner Group and GIGA),

Esther Dyson Esther Dyson (born 14 July 1951) is a Swiss-born American investor, journalist, author, commentator and philanthropist. She is the executive founder of Wellville, a nonprofit project focused on improving equitable wellbeing. Dyson is also an ang ...

(Release 1.0 and PC Forum),

Alan Patricof Alan Patricof (born 22 October 1934) is an American investor, one of the early pioneers of the venture capital and private equity industries. He founded Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border) ...

(

Apax Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

Ventures and

Greycroft Partners Greycroft is an American venture capital firm. It manages over $2 billion in capital with investments in companies such as Bird, Bumble, HuffPost, Goop, Scopely, The RealReal, and Venmo. Greycroft was founded in 2006 by Alan Patricof, Dana Set ...

Scott Kurnit Scott P. Kurnit (born March 25, 1954) is a serial entrepreneur and angel investor in media and technology. Career Early career After graduating from Hampshire College with a BA in Communications, Kurnit became a Program Director at WGBY-TV (WGB ...

(

About.com Dotdash Meredith (formerly About.com) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, l ...

), Roger Ehrenberg (IA Capital), Jeff Stewart (Mimeo.com), Jon Whelan (AfterNIC.com), Linda Holliday (Digitas Health) and other technology entrepreneurs. The group also accepts venture capital firms as members, among which are

First Round Capital First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies. Founded by Josh Kopelman Joshua Kopelman is an American entrepreneur, venture capitalist, and philanthropist. Kopelman is best k ...

, SoftBank Ventures Korea (SBVK),

RRE Ventures RRE Ventures is an American Venture capital, Venture Capital firm based in New York City. The firm primarily invests in Seed money, seed, Series A round, series A and series B rounds and focuses on companies operating in the software, internet, c ...

, and SAVP/Greenhill. New York Angels was the inaugural member of the professional trade group of American angel investor organizations,

Angel Capital Association Angel Capital Association (ACA) is the official industry alliance of over 100 of the largest angel investor groups in the United States. Since its founding in 2004, it has played a significant role in bringing together the previously separate angel ...

Leadership

Founder Rose and former chairman Brian Cohen each serve as New York Angels chairman ''emeritus'', with Mark H. Schneider as chairman, and Elizabeth Lindsey as

executive director Executive director is commonly the title of the chief executive officer of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though ...

References

External links

New York Angels official web site

New York Angels live statistics from Angelsoft.net

Financial services companies established in 2003 Venture capital firms of the United States {{US-private-equity-company-stub