As a group we always see more companies looking for investment than we can possibly invest in. However, all companies that present to us, and in many cases those that apply to us, get feedback on their businesses. We like to think it is part of added value of our group.
It is not often, however, that a company we decline to invest in after a presentation gives us some positive feedback. But that happened this fall. Here is what the entrepreneur wrote to us the day after the presentation:
“I can not thank you enough for last night.
The Sacramento Angels invested in Alter-G in 2007. They develop and market anti-gravity treadmills and have found markets with major league sports teams worldwide and more recently, rehabilitation facilities. Their most recent Series B venture capital round came from Versant Ventures in early 2009.
This month there is an online article in Scientific American about the company, its products, and its origins in NASA. Take a look; there is a compelling story within the article about an Iraq veteran rehabbing on one of the company’s treadmills.