A decade from now historians will discuss the economic impact of a two-day event that recently took place at Rutgers University, which brought together more than 120 minority business leaders, investors and entrepreneurs for the first-ever " Gathering of Angels" summit.
Investing in high-growth companies creates jobs while generating more wealth for investors. The formula has worked for the private venture capital investment community. Unfortunately, no such active community exists in black America.
Angel investors are often wealthy individuals that invest under $1 million in promising, new companies. They lend to companies that are too risky for traditional business loans from conservative banking institutions.