From Zero To 60 Supercharged start-ups

Would $100,000 help get your Internetbased business off the ground? Investor Angels (IA) is offering seed capital and highpowered support to startups whose proposals are selected for development. IA launched its Web site in 1998 in search of a few viable concepts. "We were hit with hundreds of proposals from visionaries all over the country," reports David Cook, founder and CEO of the Hollywood Beach, Florida, company.

Cook, a seasoned entrepreneur with management and hightech experience, says IA will select proposals with the best potential and provide those businesses with everything they need--like startup funds, business plans and help going public. "If your plan is sound, Internet-focused, and you're committed to making your business a success, Investor Angels will be there for you," Cook promises.

To maximize the number of startups financed and developed, Cook is taking IA public with an SEC Regulation A offering. "We plan an IPO of 5 million shares in [December 1999]," he said at press time. "Each shareholder will be able to vote on which business proposals to pursue." At the initial virtual proxy meeting, the first 40 proposals to win more than 51 percent of the votes will be financed and developed. "Shareholders may also purchase preIPO shares in each venture, affording them the opportunity to participate financially in groundbreaking businesses without the need for the traditional [investments of] $100,000 to $200,000," Cook adds.