Now that Buffalo has crossed the $500 million annual investment mark in early stage startups in Buffalo New York people want to learn how all this got started. I was fortunate to be asked about the genesis of the Buffalo Angel group formed almost 15 years ago. The article does a great job of explaining how Angel money has to be patient capital but there wasn't enough space to give all the back stories. The quote below doesn't tell that AeroSafe Global has had 7 rounds of new funding since I invested and is now one of the few providers of packaging for Phizer vaccines that require low temperature shipping. It is great to be part of an entrepreneurial ecosystem that has grown and developed so quickly.
Colligan made his first angel investment in 2006 in a Rochester-based company now called AeroSafe Global. More than 15 years later, he still hasn't had a financial return on that investment,