BY Tom Henderson
Tim Parker of the Grand Angels is taking aim at bringing the same concept applied to the Grand Rapids-based angel
investor network to Detroit.
A new angel-investor group in Southeastern Michigan, the Woodward Angels, has been quietly planning a launch and
will convene its first meeting this week at the Shinola Hotel in Detroit.
The group will be a legal affiliate of Grand Angels Holding Co. LLC, the holding company for the Grand Rapids-based
Grand Angels, considered the most active angel investor group in Michigan and one of the most active in the
Midwest.
Tim Parker, the president of the Grand Angels, said he expects about 100 high-net-worth individuals at the inaugural
informational meeting, which is closed to the public and aimed at getting attendees to join the new group.
The creation of the new group would help fill a gap in the angel-investing community since the Great Lakes Angels,
another group, stopped holding monthly pitch meetings early last year.
He said the Woodward Angels is part of an ongoing effort to roll out affiliated investor groups around the state. In
August 2017, the Grand Angels helped launch the Ka-Zoo Angels as a legal affiliate. “That was our prototype to see
how it worked, and it’s worked out well,” he said.
Read the full article on Crain’s website.