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Calling all angels

Ted is rather cherubic looking, if one can be 80 and cherubic at the same time.  Round faced.  Smiling.  Enthusiastic.

He had seen me on TV, speaking, as I often do, about how we’re living longer, and what that means for the time we didn’t expect to have.  We need to figure out a way to stay healthy, work if we want to, fill the hours with purpose and meaning—and somehow manage to fund those extra years.

Ted got in touch, asking for an appointment. I gave him a little over an hour.  Here is what I found out:

Ted (not his real name) is an active octogenarian. He’s a mechanical/engineering genius and worked for universities and major manufacturers.  Because of two divorces and some poor investments, he is reduced to living on Social Security.

He invented an environmental purification device and owns the patents. Prototypes have been purchased and are being used appreciatively by homeowners and industry alike.

Like many engineers, Ted can talk enthusiastically about the mechanics of his invention, but he’s much less articulate about what he is really selling: cost savings and better health.

What he doesn’t have: 1) pockets deep enough to finance a startup, 2) the money for advertising, and 3) The CEO-style business expertise to turn this product into a successful long-term venture.  He needs capital and a business-savvy partner.

I think Ted is the face of the future.  Active and sharp at 80, creative and ambitious, talented and experienced—but lacking the network that’s necessary to pull off his dream.

I am, of course, going to see what I can do to help Ted.

Is there anyone out there who would make a good investor and partner for Ted? If so, please step up and identify yourself.

One response to “Calling all angels”

  1. Jari Searns says:

    Hi George!
    Rick and I are members of an Angel organization in Buffalo, but, unfortunately we only service start-up businesses within a 200 miles radius of Buffalo. I will email the fella who runs our group to see if he knows anyone in Angel investing in your area (I assume he is located somewhat near you). If Jack knows anyone, I will pass the information on to you; however, despite the fact that you and I (and a whole lot of others) believe that age is no detriment to starting a new business, I fear that attitude is NOT shared with a whole lot of investors. If Ted had a “second-in-command” kind of person who could step in if God forbid something happened to him…most potential investors would feel a whole lot more secure. Does Ted have such a person or persons?

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