Schwall Named Executive Director by Cherrystone Angel Group

PROVIDENCE, RI – Cherrystone Angel Group announced today that Jennifer Schwall will be named its next Executive Director.

Schwall started with Cherrystone as an intern in 2010 and after graduating top of her class with a degree in Finance from Bryant University, she began her professional career working with both Cherrystone as its Manager and Betaspring as its Startup Operations Manager.

“Since starting with Cherrystone, Ms. Schwall grew from managing the group’s operations to serving on its Steering, Screening and Due Diligence Committees. She has

experience in screening deals, determining valuation models and conducting market research for several verticals including pharmaceutical, medical devices, software,
hardware and internet/mobile applications”, said Robert J. Manning, Chairman of Cherrystone Angel Group. In her new role, Schwall will provide management support for
all of the member’s investing activities and continue to oversee the management of the Group. She will also serve as a liaison with Cherrystone’s peer groups in the Boston
market.

Schwall will be taking over the role of Executive Director from Peter Dorsey who also co-founded the Group back in 2004. Dorsey said “Ms. Schwall is well-suited to
perpetuate Cherrystone’s positive momentum in the angel investing markets, and her promotion will permit me to devote more time to my responsibility as President of The
Business Development Company of Rhode Island.”

“Over the past four years, I have come to appreciate how Cherrystone is well positioned to capitalize on the new changes in the early stage venture market” said Schwall, “Our
members are seasoned professionals from various professions and industries. Our founders are some of the smartest and most passionate people I know. I am honored to
have been named Cherrystone’s next Executive Director and am excited about what the future holds”.

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