American Angel: The Surge of Seed Stage Investing in the Big Apple
The talent can feel their chances getting as stale as the pre-sliced bagels. The agony of the wait, and being able to eyeball the sizeable audience that prepares for their arrival, is enough to offset the frigid air conditioning. Team by team, one by one, they’re shuffled on-stage, then off—just as quickly as they can showcase their capabilities, right after, they’re being either complemented or questioned and then it’s out the door. Simon Cowell’s latest game show experiment? Nope: it’s angel investing. And it’s thriving in New York City. In a conference room overlooking the Manhattan skyline, the New York Angels welcome on an early June day about a half-dozen entrepreneurial teams—peHUB attended the off-record meeting under the expectation we would not publish the companies’ names.
