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Sep 30, 1998

On Broadway

Steve Baruch talks about the investor relations strategies behind a Broadway show

It usually takes some kind of a priest to charm angels, but for Steve Baruch, it just takes investor relations. He is a Broadway producer, one of the profession immortalized by Zero Mostel in the movie The Producers, who rely on investors known as 'angels' in the trade. Baruch's choir includes over 500 angels often willing to hazard at least the minimum $10,000 investment. He says feelingly, 'In some ways it's easier - if you have a flop, you don't have a quarter of a million dollar investor

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