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Angel Profile
The
Consultant Profile is a regular feature of Angel
Investor News. It offers a thumbnail sketch of
angels and investors across the country who
share their tips and experience about how to
invest successfully.
Who: Manny Ratafia
Where: Connecticut
Experience: Ratafia founded several
technology-based corporations. After funding and
running his own ventures, Ratafia now focuses on
start up medical devices, factory automation
devices and other high tech ventures, in which
he chooses not to take a management role. Prior
to being an entrepreneur and angel investor,
worked for Irex Medical Sytems and later Booze
Allen & Hamilton and Dow, doing strategic
consulting in the chemical, medical products and
other technology based industries.
How: Has an extensive background in
marketing research and development consulting.
Founded Technology Management Group, a
management and market development consulting
firms, focusing on biotechnology and related
development firms as well as several other,
smaller software ventures. Comes from a family
of entrepreneurs both in the United States and
Europe. Co-founded the entrepreneur association
while a student at Dartmouth's Amos Tuck School
of Business.
How Many Deals: Has closed 11 deals
as an angel investor. Ran five of the companies
and later sold them off. In three deals was not
involved in management. Invested $1 million in
the largest company. In addition has funded
several small businesses with seed money.
Amount of Investment: Looking to make
deals in the range of $200,000 - $800,000.
Focuses on deals involving medical devices and
sensors and high-tech factory automation
devices.
Tips for Entrepreneurs: Considers this a
good time for entrepreneurs because many have
given up, creating less competition. However,
thinks entrepreneurs might have to adjust goals
from where they were a year ago. Investors are
more realistic in the ventures they fund and it
reflects in lesser amounts invested in
companies. The dot.com frenzy has passed,
sobering many investors. Has seen a growing
number of business plans with solid ideas
that are worthy of due diligence.
Contact: Welcomes inquiries from
reputable start ups with bulletproof
business plans at many@commtechsoftware.com.
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