While those who run venture-capital funds may get more attention, angel investors invest in far more start-ups in a given year.
The National Venture Capital Association cites data from Thomson Reuters that show 728 companies obtained their initial investments from venture funds in 2009 - a total of $3.3 billion invested.
In contrast, 57,225 businesses raised $17.6 billion from 259,480 individuals in 2009, according to the Center for Venture Research at the University of New Hampshire.
However, like the shrinking venture-capital industry, angel investment has also been declining, said the center. Its data for the first six months of 2010 show that the $8.5 billion invested was down 6.5 percent from the same period of 2009.
To read the full, original article click on this link: PhillyInc: Angels outpace venture-capital funds in helping start-ups | Philadelphia Inquirer | 12/07/2010
Author: Mike Armstrong
