(Image Credit: Toon Tracker, via Reason Magazine)
In an era where the only way for a space firm to make a small fortune, is to start out with a large one, many companies have struggled to take their ideas beyond the power point presentations and into the “metal shop.”
Now it appears as if some angel investors have formed the Space Angels Network in order financially seed promising space companies, enabling them see if any of their ideas will blossom.
(Hobby Space) Space Angels Network, LLC, (www.spaceangelsnetwork.com) a virtual network of angel investors focused on seed- and early-stage investments for space-related ventures, announced today the launch of its operations in the U.S. and Canada. The company’s online platform and strategic relationships with venture finance and technology innovation organizations allow individual accredited investors to connect with space entrepreneurs for financing their innovative ventures.
“There is no question that a gap currently exists in the financing spectrum available to seed- and early-stage space-related ventures, and there are many angel investors around the U.S. and Canada eager to help fill that gap,” stated Burton Lee, CEO of Space Angels Investments, which operates Space Angels Network. “We aim to provide that platform-along with exceptional service, value, and key strategic relationships-to our members.”
While the group is probably geared towards the aerospace industry in general, hopefully they will consider more long range plans such as mining helium-3 on the Moon, harvesting metallic asteroids and even reducing the cost of transport (via Maglifts or Space Elevators).
Hopefully more groups like these will spring up, as investing in our solar future has the potential to helpfully impact our species for the next thousand years.