They get if off the ground. But when the rubber hits the road, they get out of the way. All in all, it's a relay race. Angels take the first leg. Angels tend to come in earlier with smaller investments, while VCs tend to come in later with larger investments.
Companies often seek both.
Every bit as important as the cash that Tenex supplies start-ups, is the aggregate intellectual capital that the group has to offer. You've got 90 guys who've been through it. They've spent entire careers in life science, as lawyers, CEOs, scientists, consultants. That's a broad network, a deep body of expertise. They know the markets.