With venture capital in the dumps, angel groups across the country say the quantity and often the quality of potential deals is up as entrepreneurs look for alternatives.
Angel groups—collections of high-net-worth individual investors, usually—in the San Francisco Bay Area, Seattle, New England, and Washington report companies appealing to them for money are increasingly far down the road in terms of having products and services. Yet prices are low.
The Alliance of Angels in Seattle actually had its biggest year ever in terms of investments, with members sinking $8.5 million directly into 29 companies, nine of them new investments and 20 follow-on.
"Almost two thirds of the companies we invested in were post-product, post-revenue, so the risk profile has really improved for angels," said Susannah Malarkey, executive director of the Technology Alliance,which runs the Alliance of Angels. "Valuations are very attractive, and that has made angels much more willing to invest."
To read the full, original article click on this link: Entrepreneurs Turn To Angel Investors For Funding - Industry News - Portfolio.com
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