At the recent Angel Capital Association (ACA) Summit in Austin, Texas, the Angel Resource Institute reported on angel group activity in 2011 in the first annual Halo Report. I found some of the results quite interesting. For example:
The median round of investment by group was about $700,000 but less than $300,000 was invested by the local group leading the deal. Over two-thirds of angel group deals were syndicated with others (mostly other angel groups) who provide the majority of the capital in each round. Furthermore, the median round size was about 40 percent larger in 2011 than in 2010, a really significant increase to me. Only 21 percent of angel deals were done in California, which captures about 40-50 percent of venture capital.
