As entrepreneurs begin to explore funding options, Grand Angels provides an application process for potential investments. The Grand Angels group is dedicated to finding appropriate businesses that will cultivate the local market. Mentoring from experienced professionals and a relatively patient exit strategy make Grand Angels a standalone between all regional investment groups.Founders Charles C. Stoddard and Craig T. Hall, combined their banking and entrepreneurial experiences to establish the angel investor group with a vision to make “investments with a difference.” Community leaders were recruited to join the investing group, and in 2005, Jody Vanderwel was named president of the organization. Grand Angels now has over 30 active members with professional experience in an array of industries.
Unlike a fund, Grand Angels invests in businesses on an individual basis. The collaborative investment strategy allows deals to be made without the unanimous approval of accredited investors. To date, Grand Angels has invested over $7.5 million in 20 companies.