'Angel' investors needed to get tech jobs, venture capitalist says

Sigmund Mosley Jr. (right), of the Atlanta venture capital community, speaks at the Technology Association of Georgia of Greater Augusta meeting. He said investors are key to tech business growth.

If Augusta wants to become a haven for technology jobs, it will require an “angel network,” or a group of people ready to invest in small tech businesses, according to Sigmund Mosley Jr., who spoke at Tuesday’s meeting for The Technology Association of Georgia of Greater Augusta.

“One person cannot do it all by themselves,” he said to a crowd of about 30 people gathered at theClubhou.se at 816 Broad St. “The way to start the trend is through angel investing.”

Mosley, sometimes called the “grandfather” of the Atlanta venture capital community, spoke to TAG members and others about ways Augusta could become a place where tech jobs thrive.

To do so, entrepreneurs need capital. In his experience, that money can come from a group of investors brought together by a mutual interest in seeding small businesses.

“Angels are high-net-worth individuals that are willing to put money in companies,” he said. “They can make all the difference.”

Mosley also said Augusta has to learn to retrain people for technology jobs, which requires support and participation from local schools.

“You can find out what kind of people you need by finding out what kind of businesses are moving in,” he said.

Eric Parker, the founder of theClubhou.se, a membership organization geared to Augusta’s tech crowd, said he hoped Mosley’s ideas would help his members. The organization’s new building, which opened Friday, was already covered with white boards that had messages and drawings scribbled on them, including a picture of Star Wars’ Obi-Wan Kenobi.

“This is a creative space,” the architect said. “It’s a dream factory for people in Augusta.”

 

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