It’s a good time to be an angel. With venture capital in the dumps, Bay Area angel investing groups say the quantity and quality of potential deals coming through the door is up as entrepreneurs are forced to look for alternatives.
“We’re getting some very interesting deal flow that would have gone to traditional venture capitalists in the past,” said Randy Williams, founder and CEO of the Keiretsu Forum, which has 350 members in Northern California. “What’s happening is the venture capitalists are focused on existing companies and the limited partners are not giving them additional capital.”
Ian Sobieski, a founder and managing director of Menlo Park-based Band of Angels Fund LP, which has 125 members, sees a similar trend.
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