Overview

The lack of “patient capital” early-stage financing for start-up companies in their first years of growth, is known to be one of the most serious and intractable problems for new enterprise development. As a region critically dependent on its ability to “grow our own” new ventures, Long Island’s need in this regard is substantial. Long Island Angel Network was founded by Long Island leaders from a diversity of sectors and backgrounds, in collaboration with key technology sector business organizations, to fill this serious gap in our region’s capital resources for new enterprises and young companies. More information about the Network’s officers and directors, listed below, may be found on the Members page.

  • Richard Lippe, Meltzer, Lippe, Goldstein & Breitstone, Mineola Chair Emeritus
  • Michael Faltischek, Ruskin Moscou Faltischek, Uniondale Chair
  • Lawrence Waldman, Holtz Rubenstein Reminick, Melville Vice Chair and Treasurer
  • Peter Goldsmith, Long Island Software and Technology Network, Melville Secretary
  • Russell Artzt, CA, Islandia Vice Chair
  • Robert Brill, Newlight Management, LLC, Jericho
  • David L. Calone, Jove Equitity Partners, LLC, Babylon
  • Robert Catell, Advanced Energy Research and Technology Center (AERTC), Stony Brook
  • Mark Fasciano, General Sentiment, Westbury
  • Patrick J. Foye, Rivkin Radler LLP, Uniondale
  • Andrew Hazen, Prime Visibility LLC, Melville
  • Katherine Heaviside, Epoch 5 Public Relations, Huntington
  • Samir Nizam, Invesco Affiliates Ltd., Port Jefferson
  • Yacov Shamash, Stony Brook University, Stony Brook
  • Steve Winick, Topspin Partners, Roslyn Heights
  • Michael Wu, Chart Venture Partners, New York
  • Ann-Marie Scheidt, Director of Economic Development, Stony Brook University Executive Director

MEMBERSHIP AND SPONSORSHIP

Individual Members

Membership in Long Island Angel Network is by invitation and is extended to individuals who will actively contribute to the process. We are an investment group of peers and seek as members individuals who have similar investment goals, risk tolerances and desires to participate actively in the investment process. There is no fee for membership at this time for calendar year 2010-2011. However, the Board of Directors may determine that a membership fee will be assed in future years.

Corporate Members

These are organizations that professionally manage or advise with respect to the investment of third party capital. Venture capital firms and other money management companies may join LIAN as Corporate Members. The membership fee for 2010 for Corporate Members is $2,500. This fee may be modified in future years if the Board of Directors so decides. No portion of the fee is refundable.

Sponsors

These are organizations that are associated with LIAN, but will not actively invest in companies. The initial fee for sponsorship for 2010 is $5,000. This fee may be modified in future years if the Board of Directors so decides. No portion of the fee is refundable.

Angel Individual and Corporate Members

Individual Members are “accredited investors” as defined under Rule 501 of the regulations of the Securities and Exchange Commission. Corporate Members are “accredited investors” as defined in Regulation D under the Securities Act of 1933. Members agree to dedicate time and effort to LIAN activities, including attending presentation meetings and screening sessions (which are open to all Members), identifying and analyzing investment opportunities, and serving on committees, all to the extent that opportunities presented are suitable investment possibilities for a Member.

LIAN Members have track records managing and building successful companies either as entrepreneurs, operating executives, or active investors.

LIAN Members are experienced in angel investing, leading due diligence, structuring investments and coaching entrepreneurs. Beyond investing, LIAN Members will work closely with a potential venture to refine its strategy and positioning, help clarify its business plan, develop attractive investor and marketing presentations, and advise on issues related to financing. LIAN Members may serve as directors of companies in which they invest, or on an advisory board, and can provide valuable coaching for the management team. LIAN Members maintain close relationships with venture capital firms, business services professionals, LISTnet, LILSI, LIRIC, and regional research institutions including Stony Brook University, and can facilitate access to talent, technology and other resources needed to build a successful venture.

If you may be interested in becoming a member of the Network, please email AnnMarie.Scheidt@stonybrook.edu for information.