Colleagues,
As reported in Biz Journals ... Angel investors across the country spent fewer dollars but backed more companies during the first half of 2009 compared to last year, according to a study released Tuesday by the Center for Venture Research at the University of New Hampshire.
The study said investments were down 27 % to $9.1 billion during the six months ended June 30. But 24,500 entrepreneurial ventures received financing, 6% over last year. The number of active investors was flat at 140,200...
... Health care services/medical devices and equipment was the largest sector, receiving 28% of the capital raised. Software and electronics/hardware shared second place, tied at 14%...
... Angel investors also favored later-stage companies. Investments in seed and start-up stage companies received 27% of the capital raised, a decrease of 19% from the same six months in 2008...
Read on at:
http://wsbe.unh.edu/angel-investor-market-declines-first-half-2009
ENJOY!
CC
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