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The Pennsylvania Angel Network (PAN) is a statewide organization designed to offer support to over 2,000 angels in the commonwealth. By increasing individuals' knowledge base through information sharing, PAN provides an opportunity to assist angels in making connections with companies and to make the most of those connections.
Angel networks have long been an important resource for early stage businesses as they pursue individual (friends and family) and institutional venture capital. Pennsylvania has a solid history of angel network groups that until now, have existed and operated as individual entities. The development of PAN into a statewide network represents the logical progression of Pennsylvania's angel investment activity.
PAN helps its members to capture the benefits of fostering entrepreneurship at its early stages. PAN's members will enable individual businesses to grow at a steady rate. In addition to this, PAN creates the opportunity for its members to share in the considerable wealth of resources in our local economy. With a successful PAN membership, Pennsylvania will be the first of its kind in the US, and a model for other states that wish to advance.
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