The economic upheaval caused by the Covid-19 pandemic has created a once-in-a-generation surge of startups across the U.S. According to government data and a Goldman Sachs report, the share of Americans starting new businesses has risen sharply in 2020.
This new business creation tends to veer away from legacy industries and toward cutting-edge sectors such as information technology and biotech. These industries need up-front capital, and angel investors -- high net-worth individuals who fund startups in exchange for convertible debt or ownership equity -- have played a key role in supporting entrepreneurs in 2020.
