PORTLAND — Starting a business takes more than just a good idea or innovative product, and entrepreneurs anywhere in the state have a new resource at their fingertips, thanks to the Oregon Entrepreneurs Network (OEN).
The online forum, funded by state and federal grants, provides emerging companies around the state with the opportunity to have their executive summary reviewed by a network of individual, or angel, investors. Entrepreneurs benefit from the input angels provide, while angels can review emerging companies and interact with peers online.
“The goal is to create a statewide angel investor network,” says Linda Weston, president and executive director of OEN, which changed its name from the Oregon Entrepreneurs Forum in January. Most of the individual investors on the network are located in small pockets around the state and often do not interact with other angels outside their city. Through Oregon Angels, these investors can come together to co-invest in a company and share their expertise with other angels. Investors must have a net worth of at least $1 million and meet the Securities and Exchange Commission’s accreditation requirements. For more information or to join the network visit the Oregon Entrepreneurs Network website at www.oen.org.
— Colleen Moran
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