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The Bluegrass Angels (BGA) seeks to encourage the development of start-up companies and to support new businesses in the region by providing the region's entrepreneurs with seed capital and management guidance from experienced industry and entrepreneurial veterans. An important, although not exclusive, focus of the BGA is to develop start-up companies through the commercialization of the on-going research of the University of Kentucky.

Who We Are

The Bluegrass Angels (BGA) is central Kentucky's oldest seed funding organization. We are a formal group of 40+ former and current executives who are interested in investing their time and money into new, cutting edge, startup companies. We've seeded multiple companies in our history. BGA members have a diverse background across many industries ( technology, healthcare, manufacturing, distribution, etc.)

The BGA meets monthly to formally consider 2 startups selected from among the more than 20 that are screened each month by the BGA Deal Selection Process. Entrepreneurs can expect a thorough examination and, occasionally, an investment from some of Kentucky's most accomplished entrepreneurs.

Why Angel Investing

Angel investors provide about 90% of the seed and early stage outside capital for start up entrepreneurs. (Kaufman Foundation)

To create economic growth and jobs in Kentucky!
To provide members with an attractive financial return.
To offer management participation/mentoring opportunities to members that will provide valuable expertise to new businesses !

Since 2004, the BGA has facilitated the investment of capital into, and the mentorship to, Kentucky's best seed stage startup companies.

:: For Angel Investor

:: For Entrepreneur

:: Announcements

Over the past several years, the number and types of organized business angel groups has grown, and the business models for the groups continue to evolve.

Links and Resources on Angel Investing

Angel Investor Definition

Angel investing has long been an important source of financial support and mentoring for new and growing businesses, bridging a gap between individual and institutional venture capital rounds of financing or being the only source of external financing.

Individual company investments will normally be in the range of $100,000 to $500,000.

Bluegrass Angel members invest in Kentucky companies. We look for products and services that can achieve rapid adoption in very large markets. Examples of preferred criteria:

Scale: annual revenue potential of at least $10 million
Market: a compelling, well articulated strategy for capturing and defending a significant market share
Team: a strong, not necessarily complete, team
Exit strategy: some idea of who will eventually acquire your company
How we fit: a desire for advice and coaching
Valuation: you must fit within our risk/reward expectations.

News

Submit your plan today!

Upcoming Events:

Next Meeting:
2/3/2009 3pm - 7pm
Commerce Lexington

Bluegrass Angels is a member of: