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‘Angel’ sets lofty new goal: $5 million

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When last we left Richard Frederick, the former health care executive-turned-entrepreneur was beating the bushes for “angels” interested in offering their money and expertise to promising local start-ups.

Two years later, he’s still “doing a lot of begging, cajoling,” Frederick said this week, with an eye on a new goal for the “seed” fund he co-founded: $5 million.

Frederick and retired banker Joseph Richardson began laying the groundwork for their Eastern New York Angels ...

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