SOURCE: Maverick Angels

August 22, 2006 14:20 ET

Angel Investor Group Maverick Angels to Launch Northern California Chapter in Silicon Valley

"Next Generation" Angel Network Will Host Meetings at Franklin Templeton Headquarters in San Mateo, California

LOS ANGELES, CA -- (MARKET WIRE) -- August 22, 2006 -- Maverick Angels, a Southern California-based angel investment group, announced today the launch of a new chapter in Silicon Valley. The Northern California Chapter's Inaugural Meeting will take place on Friday, September 29th at the headquarters of global investment giant Franklin Templeton in San Mateo, California, from 11:30 a.m. to 3:30 p.m.

The Maverick Angels network was founded by John Dilts, an early-stage investor who will serve as President of the Northern California Chapter and who was born and raised in San Mateo. "We are looking forward to expanding our reach into the Bay Area," says Dilts. "We have strong relationships with numerous law firms and venture groups in the area which provide us with high-quality, start-up company deal flow." Dilts spent the early part of his career working at several top corporate law firms in Silicon Valley. "A large number of Southern California entrepreneurs want to present to investors in Silicon Valley, and they will now have a trusted venue for raising angel capital there," says Dilts.

The Inaugural Meeting of the Northern California chapter will include presentations from a select group of entrepreneurs seeking angel funding chosen by the members of the network during a rigorous screening process. During the meeting, there will be a presentation about Maverick Angels and its "next generation" approach, which seeks to blaze the trail for a new way of early-stage investing involving a closer relationship between investors and entrepreneurs through education via its Maverick Angels Bootcamp for Entrepreneurs(SM) and the use of leading edge, collaborative software called MaverickLink™.

According to Dilts, Maverick Angels is a very different kind of angel investor network. Its philosophy is that of taking an "entrepreneurial approach" to angel investing to create win-win results with portfolio companies. Maverick Angels believes in a more collaborative strategy for angel investing. "We understand the fundamental partnership which exists between the investors and entrepreneurs," explains Dilts. "As serial entrepreneurs ourselves, we know that if we better serve the needs of entrepreneurs, our interests will be better-served as investors, resulting in a higher return on our investments. This is the reason why we call it an 'entrepreneurial approach' to early-stage investing -- we are an angel network which is more entrepreneurial in both our style and focus," says Dilts. Maverick Angels has established close affiliations with other angel networks across the country and in Canada to share deal flow and best practices.

Fiduciary Trust Company International, a division of Franklin Templeton focused on wealth management and investment services, is a Charter Sponsor of the new Maverick Angels chapter in Silicon Valley. The company is an existing sponsor of the Maverick Angels Southern California chapter.

About Maverick Angels

Maverick Angels is a "next generation" angel investment community and entrepreneurship training organization which takes an "entrepreneurial approach" to angel investing. Maverick Angels members are all accredited private equity investors willing to serve as mentors to early-stage companies. Maverick Angels is based in Southern California and will launch its Northern California chapter in September of 2006. The group has established an affiliation to share deal flow with other angel networks across the country and in Canada. The investment focus of the group includes any early-stage opportunity from any industry which provides the possibility for a multiple return on investment. Maverick Angels also actively engages in social and charitable activities designed to build camaraderie and support our local communities. For more information, please visit

Media Note: For more information on how to RSVP for the Maverick Angels Northern California Inaugural Meeting on September 29th or to obtain coverage on any Maverick Angels events, please contact Shelley Toy at

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