The recently released Halo Report, an effort by CB Insights, Silicon Valley Bank and the Angel Resource Institute to collect data on angel investments, finds that angel groups did 573 deals last year, putting $873 million into young companies. That’s not much considering that venture capitalists were involved in 3,673 deals and invested $28.4 billion, data from the National Venture Capital Association shows.
The press release accompanying the report says that “Angel investors … appear to be taking on an increasingly important role in driving entrepreneurship throughout the United States.” That may be true, but if it is, it isn’t because of angel groups. If venture capitalists provided 35 times the money invested by angel groups and angel activity is “driving” U.S. entrepreneurship, then most angel investment activity must be occurring outside of groups.
To read the full, original article click on this link: How much did angel groups invest last year? - Forbes
