Angels Banding Together in Greater Numbers
Go it alone or join a group? That's increasingly the question for angel investors, it seems. A recent press release offers some interesting statistics:
Individual angel investors continued to form organized investor groups with the number of angel groups increasing by nearly 60 percent in the past three years, from an estimated 150 in 2002 to 250 last year, according to an analysis by the Angel Capital Education Foundation (ACEF) and the Ewing Marion Kauffman Foundation.
The survey of angel group members of the Angel Capital Association also revealed that the average angel group invested $1.45 million and that the average angel group invested $266,000 per round and $387,000 per company during calendar 2005.
Comments