Investment banker Tom Wylly formally launched the Nashville Capital Network (NCN) this morning with the announcement that Sid Chambless has been named executive director. Before a crowd of roughly 50 at Vanderbilt's University Club, the recently formed 501(c)3 was presented as the successor organization to the Nashville Angel Network.

The NCN intends to bring promising entrepreneurs in need of early-stage capital together with angel investors. It is a joint venture of Vanderbilt, the Nashville Technology Council, the Nashville Health Care Council and the Nashville Area Chamber of Commerce.

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