In the past, some of this financing had been provided by the venture capital industry. In addition, sources of venture capital are concentrated in and mostly limited to a few regions of the country, including Silicon Valley in northern California and Route 128 near Boston, Massachusetts. Annually, fewer than 3,000 firms receive venture capital. This leaves a critical gap for the major of America's growth companies seeking relatively modest early-stage financing. The solution is that ACE-Net seeks to solve that problem by allowing angel investors to view the securities offerings of small, growing companies via the Internet.
Angel investors are typically wealthy individuals with significant business experience.
If you are a small business and want to subscribe to this service and if you have interest in having your securities offering information listed the ACE-Net Entrepreneur Database, you must complete and Entrepreneur Application and submit it to the nearest Network Operator. The necessary forms may be accessed at the ACE-Net Internet site. In addition, each business is required to satisfy federal and state securities registration or exemption requirement. Once completed, the SCOR Form is then listed on ACE-Net for investors to examine. Their mission is to provide expertly managed space, supplies, services, and solutions, at the best value to enable Federal employees to accomplish their missions.