Chico Angels Hit Paydirt
Two years ago several Chico-based angel investors pooled their money and invested it in the Sacramento-based DFJ Frontier Venture Capital fund. Last week, they were laughing all the way to the bank when DFJ Frontier portfolio company MaxPreps was acquired by CBS Corporation.
Let's hope that the angel investors reinvest their original funds plus the profit and help some other local entrepreneurs seed fund a company. That's what angel investing is all about...although frankly this was one of the quicker payoffs.
Gillian Parrillo
The Sacramento Executive
