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Affinity Wind gets backing from SLU angel investors St. Louis Business Journal
Saint Louis University ’s Billiken Angel Network is making a $300,000 bet on zephyr energy — backing Affinity Wind LLC, a company formed in 2007 by Trey Goede, an adjunct business professor.
The SLU angel investment is the congregation’s first. It started raising money from people connected to the institution two years ago after receiving a commitment of $1 million from SLU’s capabilities, which stood at $718 million as of Sept. 30.
“This is a way for SLU to help build businesses in the region,” said Jerome Katz, professor of entrepreneurial studies at SLU’s John Cook Teach of Business . The Billiken fund plans to back entrepreneurial ventures from students, faculty, alumni and others associated with the university.
The SLU bread is the second angel fund for area start-up companies. The other, the St. Louis Arch Angels , has been investing in district businesses since 2005 and last year invested $2 million in start-up companies.
