|By PR Newswire||
|September 7, 2012 06:00 AM EDT||
BOULDER, Colo., Sept. 7, 2012 /PRNewswire/ -- With the launch of The Story Stock Exchange (SSX) and the passing of the JOBS Act in April, the most promising startup companies are rising to the top and finding their way into the Boulder-based angel fund's portfolio.
"After founding The Story Stock Exchange a few months ago, we've evaluated literally hundreds of startups and high-growth companies," said CEO John Metzger. "With entrepreneurism shifting into high gear around the country, we've been exposed to the gamut of opportunities from high-tech to consumer products, and are zeroing in on what we believe represents the portfolio diversity that will define the future for venture investing."
"The SSX approach, combined with the JOBS Act's opportunities for crowdfunding and small-cap IPOs, gives us the best shot at 'picking the winners' in this new era of American entrepreneurism," said Michael Abdy, SSX President and COO. "We didn't expect this to happen so quickly, but we're already coming close to completing our first round of funding, and fueling growth and revenues within our portfolio companies."
A recent investment by the group was founded by Al Babbington, former CEO of One Command, one of the fastest-growing companies on the INC. 500. Babbington's newest venture, www.PrescribeWellness.com, is a prime example of the SSX approach to building its portfolio of promising ventures. "The investor network and sales channel partners that SSX has connected us with are great assets to growing our business," said Babbington.
"SSX expects to finish the year with approximately a dozen companies in its portfolio like PrescribeWellness, the Funding Launchpad crowdfunding platform, and others, all supported by a small group of founding shareholders - accredited investors directly involved in operational and capital management for the clients and the fund itself," said Abdy.
About the Story Stock Exchange
The Story Stock Exchange is an angel fund that invests capital and marketing resources in the nation's most promising high-growth companies - the "story stocks" of the future. Through its technology resources, high-caliber marketing capabilities and expert angel network, SSX creates extreme value from the smallest investments utilizing state-of-the-art incubation support and cutting-edge financing techniques. From crowdfunding to the next generation of small-cap IPOs made possible through the JOBS Act, SSX is poised to build the best "bang-for-the-buck" equity pool for a select group of accredited investors and VC firms. Based in the entrepreneurial ecosystem of Boulder, SSX is operated by investment capital firm Tiforp Business Ventures, and marketing firm Metzger Associates. For more information visit www.storystockexchange.com.
SOURCE Story Stock Exchange