Anchorage has a new, deep-pocketed venture capitalist in town, looking to put money into small businesses and startups.
It's not Sean Parker, the tech mogul who co-founded the music sharing program Napster, then became the president of Facebook. Nor is it anyone else with ties to Silicon Valley or New York City, two hotbeds of venture capital.
Instead, it's the city itself, which last year set up the 49th State Angel Fund with $13.2 million in federal money from President Barack Obama's Small Business Jobs Act.
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To read the original article: Angel Fund sets out to give budding entrepreneurs a hand | Anchorage | ADN.com
