A group of local business owners have joined together to form Nebraska ’s newest Angel investment fund. Members of Nebraska Million, LLC held their first meeting on August 26. Founding members of the group include Steve Glenn, Keith Hughes, M.D., Joel Makovicka, Paul Glenn, and several other prominent Nebraska businesspeople.
The organization will focus on funding start-up companies with investments by the group ranging primarily from $25,000 to $250,000 per company. Differing from many angel investment funds, the organization is also willing to support the start-ups with not only a financial investment but also hands-on management, technology and marketing support. Start-ups have many challenges and need working capital as well as other resources and support that Nebraska Million, LLC can provide.
Nebraska Million, LLC will also be looking to invest in existing businesses other than startups that are transitioning from the baby-boomer owned economy to the new millennial-driven world. “There are hundreds of companies with owners ready to retire but they don’t have a succession plan in place. Our group will be ready to step in with funding, management and operating support for those company’s who’s owners are ready to retire,” according to Steve Glenn.
Nebraska Million, LLC holds monthly meetings in Lincoln and allows for one or two company reviews and presentations each month. If you would like to discuss information about the group, email steveg@executivetravel.com.