The new angel activity is proving to be a boon for entrepreneurs such as Rob Crumpler. The chief executive of BuzzLogic, a 20-month-old start-up in San Francisco, began raising funds for his Internet software company in February. Within eight weeks, he had raised his target of $750,000, plus an additional $100,000, all from angel investors. Mr. Crumpler says raising the $850,000 was “definitely easier” than he had anticipated.
That’s the first time BuzzLogic (formerly Persuadio), the company Todd Parsons and I launched in 2004, has made the Wall Street Journal. Rob worked a lot harder on that fund-raising than he lets on!]]>