Despite the weakening U.S. economy, angels invested $26 billion into 57,120 ventures last year, according to the University of New Hampshire’s Center for Venture Research. The dollar amount invested represented a 1.8 percent increase over 2006, while the number of entrepreneurial ventures receiving angel funding represented a 12 percent increase. Studies show that entrepreneurs with good ideas who start their businesses in down economies will do better, as they will benefit from the lower cost of land, labor, and purchased goods and services.
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Resources
- Center for Networking Excellence
- Forbes best small business blogs
- Knowledge at Wharton
- Small Business Blog Directory
- Small business resources at the New York Public Library
- The Crisis of Credit Visualized
- The Tiger Next Door – new documentary
- Ventureneer
News and Views
Angel Investing Explained at Wharton Club Event
Angel investors want entrepreneurs to demonstrate that they can “build someting and sell it,” Ellen Sandles, Executive Director of the Tri-State Private Investors Network, told the Wharton Club of New York. Angel groups are more forgiving (than venture capitalists) of a not-filled-out management team, but would rather pass on a deal than invest in a company that is at risk of running out of cash before breakeven is achieved.
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