New angel group launches in Hill Country

Feb 3, 2014
Austin Business Journal

An Austin angel investment group has launched that is targeting prospective investors living in the Hill Country

Hill Country Angel Network & Venture Management Partners held its first pitch meeting Thursday night at Steiner Ranch and now plans to form three local chapters of 40-50 members apiece

The angel group plans to build a new network of accredited investors and sponsors that would meeting at various venues in the Texas Hill Country. The goal is to provide potential investment deals to area residents who don’t want to drive downtown but want to be closely involved with local startups, Managing Director Kelly Hill said

On Thursday, 24 people attended the first pitch meeting that featured five startups

Hill is the founder and president of Austin-based Argand Technologies Inc., the developer of software designed to “encourage our youth to seek greater adventures in education, art, sports, fitness, entrepreneurship, community outreach and philanthropy,” according to her online profile

Hill Country Angel Network operates with three levels of annual membership fee: Individual investors, $1,500; family memberships, $3,000; corporate sponsors, $5,000

Austin dominant angel group, the Central Texas Angel Network, is one of the most active in the nation. The Austin-based group, which launched in 2006, includes 139 wealthy individuals — many of them former entrepreneurs — who invest in startups

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