Decosimo Joins Nashville Capital Network as Underwriter

Nashville, TN (March 8, 2010) - Nashville Capital Network (NCN), an organization that helps young companies raise investment capital through a network of angel investors, announces the financial support and involvement of Decosimo Certified Public Accountants and Decosimo Corporate Finance as Underwriters. 

"It is an exciting time to be an entrepreneur in Middle Tennessee and these firms recognize the important progress our organization is leading to provide mentoring and early stage financing for fledgling companies," stated Sid Chambless of NCN. "I think these new sponsors recognize the uniqueness of Nashville Capital Network, the strength of our collaborative network and the track record we have established.  This increased support will enable us to expand our entrepreneur advocacy programs, and in the process develop more promising investment opportunities for our network of angel investors."

Mike Costello, Principal with Decosimo and Managing Principal with Decosimo Corporate Finance, has also joined the NCN Board of Directors.

Costello noted, "As Decosimo expands its presence in Middle Tennessee, we feel it is important to support this organization that is so critical to the early stage ecosystem. Additionally, we hope to leverage our resources around the state to assist the companies currently working with NCN."

Since its launch in 2003, NCN has helped 19 companies to raise more than $70 million, $17.8 million of which has come directly from NCN's Angel Group. Additionally, NCN has provided 250 companies with formal business plan feedback and has held more than 100 advisory meetings.

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About Nashville Capital Network
Nashville Capital Network promotes entrepreneur education and economic growth by being the hub for early-stage capital formation in Middle Tennessee.  NCN’s mission centers on the simultaneous development of two promising initiatives: 

Educational and Entrepreneurial focused initiative: To help entrepreneurs with business ventures that have the potential to attract institutional equity refine their business concepts and prepare for the fundraising process. NCN serves as an advocate for entrepreneurs and assists in the fundraising process by matching promising ventures with experienced and knowledgeable Nashville-based advisors and investors.

Investor Initiative: To build a stable and easily identifiable source of local early stage capital by delivering value to a network of investors via deal flow, investment analysis, and due diligence.  As part of the investor initiative, NCN manages a $5.2 million sidecar investment fund.

For more information, contact Sid Chambless at (615) 322-3154 or schambless@nashvillecapital.com.