History

The Long Island Angel Network was incorporated as a New York non-stock not-for-profit corporation on October 19, 2006. Its founding members adopted bylaws and other organizational documents during the winter of 2007, and the organizational members’ meeting followed. The first presentation meeting was held on October 9, 2007; as of August, 2008, seventeen deals have been presented. Four are currently in due diligence, with one expected to close shortly, funding has been deferred for two at the entrepreneurs’ request, and the remainder are still at some stage of member review.

The Board of Directors recently decided that, as of September, 2008, only members and their guests will be invited to participate in deal screening sessions or admitted to presentation meetings. Please see “For Angels” section for information on becoming a member. The annual meeting of members will be held in October; date and location will be posted shortly.