What a great idea Steve-- to reach out to the local Angel community, test your pitch and begin to build some relationships that might be able to support and fund the launch of your business.
I reccomend that you take a look at Springboard Capital LLC. This is their discription:
Founded in 2002, Springboard Capital
is an equity investment fund
specializing in early-stage venture
investments. Springboard normally
invests between $350,000 and $800,000
in each of its companies. Because
Springboard typically syndicates its
investments with "angel" investors and
similar angel investment
organizations, Springboard focuses on
investment opportunities ranging from
$350,000 to $2,500,000.
As an investment fund comprised of
over fifty private individuals,
Springboard is flexible to consider
investment opportunities in a wide
range of industry sectors. We focus
on those opportunities that align with
the experience of our investor
Be sure --even for a test run that you have your "story" down. You don't want to have yor first impression be so raw you don't get another chance at all. There are lots of friendly faces here, and on different sites on the internet that can provide great feedback on tightening up your pitch!