Say what?

While that statement may run contrary to the current environment that's seen many a high tech enterprise struggle, if not fold, it's exactly the bullish sentiment of Silicon Valley entrepreneur Mark Breier whose putting his money where his mouth is with the launch today of a $20 Million angel investment fund.

"There's been a firestorm in high tech with only a few trees standing like Cisco, Dell, Amazon, and a few others, but the ground is fertile with skilled staff, and the clouds are filled with billions of dollars of VC money waiting to find a home," says Breier a former VP of Marketing of Amazon.com, and ex-CEO of Beyond.com.

He describes his Fast Angels Ventures as a "swat team" of 12 angel investors like himself looking to invest about $500,000 in promising ventures with the goal of growing them to the next level where a venture capitalist or larger acquiring company can take over. Fast Angel's aim is to be active investors in helping new companies get off the ground by offering the advice and contacts Breier and his partners have built up over the years.

Breier says he's already working with two startups. The first investment is in a new Palo Alto, Calif.-based company called MultiDigit, Inc. which is said to have developed an easier way to do data input into cell phones, handheld devices and remote controls.

"I think another fund for startups has potential because a lot of VCs are turning inward and only investing in their portfolio companies instead of looking at new opportunities," says Kirk Holland, VP of Business Development at internet.com, the owner of siliconvalley.internet.com. Holland, who manages internet.com's venture capital funds, says the challenge for Fast Angels will be too sift through the deluge of proposals it's likely to get and identify the ones worthwhile.

Breier, author of the bookThe 10-Second Internet Manager, will employ email to help focus investment seekers; his Fast Angels will only look at proposals sent via email without any attachments.

"I don't need to see a 50-page document initially to tell if something is a good opportunity," says Breier. "I have to get input from my partners and we want to move quickly, so I don't want to be sending around long attachments."

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