Vegas Valley Angels Chairman William Botts writes: I have received emails from several of you about the status of the Vegas Valley Angels. Instead of one-off responses, let me give you all an update.

In early 2008 it was becoming clear that our group's appetite for new deals was very limited. Over our first five years we had done about 14 deals with a total invested capital of about $12,000,000 (we have recently done a portion of one new local debt deal giving us 15 total companies in our portfolio). Our group which peaked at about 50 accredited investors in 2007 is now at 35. During 2008/2009 our strategy was "stay a live and support our portfolio companies," 12 or which were still alive with a few doing well. This we have done and our revised strategy is to move back into more active operations this year with the focus being on the last half or 2010.

We are having our next member's meeting on May 18th but the full restart is more likely to be in the Fall. In the meant time we have not been soliciting deals directly or via our website. For the May meeting we intend to look at one traditional new deal but would like it to be one referred from one of you. If by late April or early May one of your groups has an active deal that has been vetted and still needs some additional funding, we would be happy to consider it for our May meeting as possible "tag along" investment.

We are starting to recruit additional accredited investors and have a number of interested locals. Our goal will once again be to get to the 45-50 level where we can expect to be successful in leading moderate sized angel deals.

If you see a current investment opportunity that is ready for exposure to our group in May, please let me know and send me a summary so our screening committee can decide if there is a fit and on having them present.

Thanks for you interest in the Vegas Valley Angels