FERNDALE – Ken Kousky, president of Blue Water Angels, talks about the record investing year for the angel network. Kousky said a third of the money raised was outside the Blue Water Network, including California, and New York. Kousky said it is getting harder to raise money because most investors park their extra cash in Wall Street investments. There is no money on Main Street anymore. Kousky says Americans have lost control of their savings.
Blue Water Angels did invest $4.5 million in several companies, including Advanced Battery Concepts, RetroSense Therapeutics, Gemphire Therapeutics, and foodjunky.com.
BlueWater Angels investments are now in all stages of business development but primarily in the earliest stages that banks and existing financial institutions cannot service. Since inception, the BlueWater Angels have invested over $14 million in 56 investment rounds and more than 20 companies covering industries from biotechnology to clean technology to consumer products and services. The group’s investment data reflects record growth for the private equity group not only in total dollars invested, but also in the number of closed deals and number of members investing.
To learn more about Blue Water Angels, click on https://soundcloud.com/podcastdetroit/m2-episode-26-angel-investing?in=podcastdetroit/sets/m2techcast-on-podcastdetroit#t=0:00
