Angel funded was way up in 2004, which is good news for the entrepreneurial economic recovery. Angels are credited with supporting more total economic development than venture capitalists. Inc.com reports on the details of this study.
“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.”
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