For startups in search of funds, angels can be the answer. Long Island’s angel networks are becoming a key part of the region’s intellectual infrastructure. DENNIS KLEIN talks to LI Business News about the funds available to LI start-ups.
“There’s a lot of money,” said Dennis Klein, entrepreneurial services partner at Nussbaum Yates Berg Klein & Wolpow in Melville. “People cashed out from their other investments.”
One success can erase any losses. “The one that pays off more than compensates for the ones that don’t,” Klein said. “They’re looking to seed more than putting a lot of money in any one investment.”