Local organizations host forum, seek angel investors

High Altitude Investors and the Colorado Springs Technology Incubator say it’s a good time to reintroduce angel investing to the community.

There has been a lot of activity locally around entrepreneurs and startups, said Ric Denton, president and CEO of the incubator, which hosts local startups and provides them with technical and business experts and mentors to get their businesses ready to shop to private investors.

“We are trying to reach out to the community – maybe people have heard the term ‘Angel Investor’ and are wondering, is this something I can do?” he said.

Both organizations are hosting a free forum June 21 on angel investing, what it is, who qualifies and how to get involved. The event is for qualified investors, according to Securities and Exchange Commission.

Mayor Steve Bach is expected to talk to about how angel capital fuels economic vitality. Chris Blees, CEO of Biggs Kofford Capital and one of the founders of High Altitude Investors, will talk about the latest private investing opportunities in Colorado.

High Altitude Investors is an organization of accredited investors — as defined by the SEC — who seek private investment opportunities, largely in Southern Colorado and the Front Range.  After the dot.com bust, venture capital dried up. In Colorado Springs, High Altitude Investors formed to share research and pool investment capital.

The local entrepreneurial community needs more risk capital, Denton said. Both organizations are hoping to woo more investors and to get the entrepreneurial community invigorated, he said.

“I’m not saying anyone should only do angel investing,” Denton said. “But, they could set aside a fraction of their portfolio for this.”

To find out more about High Altitude Investors and to register for the event, visit www.highaltitudeinvestors.com/.