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Angel investment groups surveyed bythe Lenexa, Kan.-based association in Marc and April reported that averagd investment activity per group decreased by 9 percent in 2008 from though several angel groupx increased investments because they saw new opportunitiez during the recession, the association said in a Mondat release. According to surveu responses, the average number of investmentsa per groupwas 6.3, down aboutg 16 percent from 2007. Average group investment per deal in 2008 was up about 4 percent from the2007 average. Totakl funding per group in 2008averaged $1.77 million, down about 9 percent from $1.94 million in 2007.
The survey found that 40 percen t of angel groups expect overall investment to decrease agaib in 2009 andthat 53.8 percent expecrt the number and value of 2009 investments to be the same or greateer than in 2008. Almost 25 percent of angel groupds surveyed said that decreased company valuations and the high qualit y of investment opportunities mean they will more aggressivelu seek new dealsin 2009.
Nearly 54 percent of respondents said they plan toincreased co-investment activities with other angek groups, and roughly 33 percent said they would increase syndicationj with venture capitalists and individual “Heightened selectivity by angels and venturer capitalists has clearly amplified the financing challenge young venturesx are facing today, even at collapsed valuations,” ACA Chairmamn John Huston said in the release. Huston also is manager of in Ohio. “However, highly capital efficient startups that can reach cashflow break-evem with just a few million dollars of investment are havinv no trouble attracting capital,” he said.
“Outr member angels have prospered throughother downturns, but mentoriny portfolio entrepreneurs has never been more essentiap to their success.” is a 162-member trade association of angepl investment groups in North America.
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