Angel investment is growing rapidly but fewer entrepreneurs are benefiting

[mandy]

Angels are investing more money, but in fewer companies, a new report shows...

The angel investor market reached $12.7 billion in the first half of 2006, a 15 percent jump from a year earlier. But while roughly 130,000 active angels are investing more money, fewer entrepreneurs are benefiting. The number of entrepreneurial undertakings that received capital from angels in the first and second quarters was only 24,500, down 6 percent from a year earlier,...

"While angels are not abandoning seed and start-up investing, it appears that market conditions, the preferences of large formal angel alliances, and a possible slight restructuring of the angel market are resulting in angels engaging in more later-stage investments,"...

full article: http://www.inc.com/criticalnews/articles...ngels.html