Angel investment networks tend to stick to metropolitan cities on the East Coast and West Coast. Why? Most angels see themselves as philanthropic investors and want to invest locally. Startups tend to sprout in places that encourage entrepreneurship and reward it. Traditionally, that has been in cities on the coasts but that is beginning to change.
A recent Kauffman Foundation report on entrepreneurial activity included places like Montana and New Mexico.
To read the original article: New angel group wants to take bicoastal bias out of angel networks | MedCity News
