Goodman Quoted on New Closed-End Investment Pool From Mid Atlantic Bio Angels
Stephen M. Goodman, a partner in Pryor Cashman’s Corporate and Life Sciences Groups, and co-founder of Mid Atlantic Bio Angels (MABA), was quoted in a press release concerning MABA's newly-launched closed-end investing pool.
On the heels of MABA’s announcement that it will open a pool funded solely by current, active members in an effort to increase their annual investment options and portfolio diversity, Goodman stated, “offering even a small amount of money to some of these companies at an early stage can serve as validation for their proposed business and begin a longer term relationship. It also incentivizes MABA members to assist them as they progress and hit their milestones, and encourages them to return to us for additional funding in future investment rounds.”
MABA expects the pool will be fully funded within two years, at which point members will collaborate to create an even larger pool. To read the full press release, please click here.
