The Hon Minister Louise Asher MP officially launched Scale and announced funding from the Victoria Coalition Government to assist in the establishment of Scale during the first three years of operation. Scale Founding Chairman Susan Oliver said “The amazing and enthusiastic support we received from the DSDBI and in particular from Ms Asher is of fundamental importance to our own start up as a new venture”.
Brian Cohen, the first investor in Pinterest and Chair of New York Angels, recently published “What Every Angel Investor Wants You To Know”. He pays “special attention to startups that are founded by women entrepreneurs or have women as senior executives. My experience is that angel-backed start ups led by women have definite advantages in the market place over startups where only men are in charge.”
Angel investors are being increasingly recognised as an important source of equity capital for financing high growth firms according to the OECD. Their report reviews developments around the world and identifies some of the key success factors, challenges and recent trends based on interviews from over 100 people, from 32 countries including Australia.
In the US the number of women investing into start-ups reached record levels last year. Women made up 21.8% of active angel investors in the US in 2012.
Golden Seeds, the inspiration for Scale, was the fifth most active angel group. Our vision is that Scale Angels become a critical mass in angel investing in Australia.