Angels in America: They’re Still Funding Startups; They’re Just Doling Out a Lot Less Capital
Individual angels have cut back on their support for startups, but not by nearly as much as one might expect. According to a new study published by the Center for Venture Research at the University of New Hampshire, although total angel dollars dropped by 26.2 percent last year over 2007 -- investment fell from $26 billion to $19.2 billion -- the 55,480 deals done in 2008 fell just slightly from the 57,120 companies that received angel funding in 2007. That's just two percent. As interesting, the number of active angels in 2008 didn’t change much, either. The University estimates that 260,500 wealthy individuals helped fund companies last year, up slightly from 2007's 258,200 individuals.
31 March 2009•1 min read
