Alliance of Angels sets up new seed fund

From The Seattle-PI:

In other news emerging from the Technology Alliance annual luncheon, P-I reporter Todd Bishop notes that the Alliance of Angels is setting up a new seed fund to help more entrepreneurs in the state access capital.

Dan Rosen, chairman of the Alliance of Angels, said the concept has been in "stealth mode" as they work out the details. He did not say how much money would be contributed to the fund.

"The AoA seed fund will leverage investment opportunities and deal flow and infrastructure of the Alliance of Angels, bringing them to a wider audience of investors, so that we can make even more capital available to promising young companies," he said.