Angel Funding On The Rise
"Angel funding for start-ups grew 20% in 2004 and helped create 141,200 new jobs, according to the Center for Venture Research at the University of New Hampshire, in Durham, N.H.
The total investment by angel investors rose to $22.5 billion last year compared to $18.1 billion in 2003. The volume of angel investments was 16 times more than the number of venture capital investments, and the number of entrepreneurial ventures that received angel funding in 2004 increased 24% to 48,000.
Barring any major external jolts, funding is expected to grow 10 to 12% in 2005, said Dr. Jeffrey Sohl, director of the Center for Venture Research."
"Software continued to be the most heavily invested sector, garnering 22% of all angel investments in 2004, followed by healthcare services (16%) and biotech (10%). IT services and financial services received 8% of the investments followed by retail (7%) and telecom (6%)."
"Women-owned ventures, which account for nearly 5% of entrepreneurs that seek angel capital, lagged behind their male counterparts. Acceptance rates for women-owned businesses stood at 12.5% (a 6% lag). Just one quarter of women angels, who represent about 5% of angel investors, made an investment in 2004.
Minority-owned firms had better luck with an acceptance rate of 20%, in line with the general rate. Minority angel investors account for just 3.6% of angel investors and only one in 10 made an investment in 2004."
Read more here.
The total investment by angel investors rose to $22.5 billion last year compared to $18.1 billion in 2003. The volume of angel investments was 16 times more than the number of venture capital investments, and the number of entrepreneurial ventures that received angel funding in 2004 increased 24% to 48,000.
Barring any major external jolts, funding is expected to grow 10 to 12% in 2005, said Dr. Jeffrey Sohl, director of the Center for Venture Research."
"Software continued to be the most heavily invested sector, garnering 22% of all angel investments in 2004, followed by healthcare services (16%) and biotech (10%). IT services and financial services received 8% of the investments followed by retail (7%) and telecom (6%)."
"Women-owned ventures, which account for nearly 5% of entrepreneurs that seek angel capital, lagged behind their male counterparts. Acceptance rates for women-owned businesses stood at 12.5% (a 6% lag). Just one quarter of women angels, who represent about 5% of angel investors, made an investment in 2004.
Minority-owned firms had better luck with an acceptance rate of 20%, in line with the general rate. Minority angel investors account for just 3.6% of angel investors and only one in 10 made an investment in 2004."
Read more here.
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