New group of angel investors to debut...

New group of angel investors to debut in Erie

There are 14 comments on the Erie Times-News story from Feb 20, 2011, titled New group of angel investors to debut in Erie. In it, Erie Times-News reports that:

There are angel investors among us here in Erie. Catherine Mott and Beth Zimmer know this for sure.

Join the discussion below, or Read more at Erie Times-News.

John Randolph

Washington, DC

#1 Feb 21, 2011
At least somebody is doing something about creating jobs in the region, rather than just jawing about it and whining about how bad things are.
Ralph Pontillo

Edinboro, PA

#2 Feb 22, 2011
It's a pyramid scheme. BEWARE!
HitandRun

Edinboro, PA

#3 Feb 22, 2011
Ralph Pontillo wrote:
It's a pyramid scheme. BEWARE!
They will take your money and run like the juice plant and parade street project.
John Randolph

Washington, DC

#4 Feb 22, 2011
HitandRun wrote:
<quoted text>
They will take your money and run like the juice plant and parade street project.
The people involved have solid reputations. Your response is a trifle silly- or is it just your standard response any time anybody tries to create new jobs in our town?
BloodSucker

Edinboro, PA

#5 Mar 1, 2011
John Randolph wrote:
<quoted text>The people involved have solid reputations. Your response is a trifle silly- or is it just your standard response any time anybody tries to create new jobs in our town?
Stay out of dodge city. Erie does not need more outside blood suckers draining this town dry.
John Randolph

Washington, DC

#6 Mar 3, 2011
BloodSucker wrote:
<quoted text> Stay out of dodge city. Erie does not need more outside blood suckers draining this town dry.
LOL An angel fund is an investment fund coming into the community to invest in new jobs and bring needed capital. If you think that makes them bloodsuckers, then you need an Econ I course.
youheardithere

Ravenna, OH

#7 Mar 3, 2011
I myself have been buying up ESD Pension COLAs for pennies on the dollar.
Beth Zimmer

Pittsburgh, PA

#8 Aug 5, 2011
Thank you, Mr. Randolph. And forgive my tardiness. Someone brought this to my attention only recently.

BlueTree Allied Angels, the professionally managed angel network, is up and running successfully in Erie, PA!! There are sixteen members and growing. Erie is investing in early stage companies and creating additional wealth for our area!

Thank you for your support and it'd be nice to have more citizens like yourself in our great region!
John Randolph

Washington, DC

#9 Aug 5, 2011
Keep up the good work, we need more of your kind of creative investment in the new economy.
D Brown

Hermitage, PA

#10 Aug 5, 2011
John Randolph wrote:
Keep up the good work, we need more of your kind of creative investment in the new economy.
Yes, we can't all do it the old fashioned way like Mike Kelly - inheriting a business that is.
D Brown

Erie, PA

#11 Aug 5, 2011
D Brown wrote:
<quoted text>
Yes, we can't all do it the old fashioned way like Mike Kelly - inheriting a business that is.
Don't get me started on Kathy Dahlkemper. Thank goodness she is on the ash heap of history.
TaxNoMore

United States

#12 Aug 5, 2011
Yeah angel investors,that's what eerie needs.

"It didn't seem to me that spending a lot of time saying

'You do a lot of things well'

would serve Erie very well," Bosworth said.

Statistics show the Erie region continues to struggle.

Manufacturing jobs locally have dipped from 32,500 in February 2001 -- seven months before Bosworth's report was released -- to 19,900 today, according to the Pennsylvania Department of Labor and Industry.

In addition, Erie's 2010 population, according to U.S. Census Bureau data, is 101,786, a decrease of 1,931, or nearly 2 percent, from the 2000 census.

The city has seen a population drop in each census count since 1970.

Angel investing isn't often about producing overnight success stories.

Mott said the average holding period is likely to be six to eight years.

For investors, the payday typically comes after the company is sold.

So far, just one of Blue Tree's companies has been sold, producing a return of more than 27 percent.

"I tell people I finally got paid," Mott said.
TaxNoMore

United States

#13 Aug 6, 2011
John Randolph wrote:
At least somebody is doing something about creating jobs in the region, rather than just jawing about it and whining about how bad things are.
how bad are things?

Erie Sport Store owner Rich Weber has confirmed that the store is moving out of its 701 State St. location in downtown Erie.

Why?
TaxNoMore

United States

#14 Aug 6, 2011
There are sixteen members and growing.

Erie is investing in early stage companies and creating additional wealth for our area!

Here's your pot washers.

700 Refugees Plan to Settle in Erie

Full story: WICU 12

A big wave of refugees is expected to settle in the US, in the next 3 to 5 years

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