Angel Investment Forum moves south to Jupiter site - South Florida Business Journal:

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The Gunster Yoakley & Stewart associate is the new chairma ofthe three-year-old nonprofit Angel Investment Forumn of Florida (AIFFL). The group recentlu changed its name fromthe . It’s a loose-knitr but individually powerful grou whose 50 regular membere have millions of dollars to lend or invest in startupsz andbusiness expansions. Others in the group offef capital raising, marketing, accounting and legalp services. “It’s a dynamic but has a low profile because all the meetingse have been heldin Stuart,” Robbins said.
“We are relocating the meetingds to the in Jupiter – more central for both Soutbh Florida and Treasure Coast The new venue is located just off Interstate 95 in the immediatde proximity of ’s Jupiter campus, plus the and biotechnology researchu sites. The first meetinfg there is scheduledfor Sept. 9 at 5:30 p.m. AIFFL Executive Director Marcy Brennan said her groupcomprises entrepreneurs, investors and professional servic e providers. “We expect to double the membership this year especially the angel investors with this more central and convenientmeeting location,” she “Even for those in Stuart, it’ not that far away.
” AIFF used to have a centra Florida chapter in the Villages, a large country club community south of but it closed in January. “We expected the Villages’ residenta to be a good sourceof investment, and to draw entrepreneursd from Tallahassee, Gainesville, Tampa and but it just didn’t work out that way on a regular basis,” Brennan said. There will likely be substantial crossover between memberes of the AIFFL and the which meets regularly inBoca Raton. “I thinm it’s good for the community that AIFFLp is wideningits footprint,” said David GCVCA chairman and a shareholder in Gunster Yoakley & Stewart.
He sees the Jupiter move as a shrewc marketing strategy to grow citinghis group’s membership, which grew to more than 300 over the last two yearss in southern Palm Beach County. “There are more than enougbh investment angels looking for good dealsin today’sz competitive environment for both organizations,” Bates said. GCVCA is typicallhy pitched by young companies looking for mezzanined investing inthe $1 million to $5 milliom range, while AIFFL gets pitched more by startup companies lookint for $50,000 to $1 million.
Brennajn said: “We have seen some remarkable ground-floor opportunitiesa in medical devices and greayt creativity across the board in thetechnologyt field.” Web site: E-mail: marcy@aiffl.org