Angel Capital Report Reveals Surprises
Over at the Business Catapult blog, we just wrote about the detailed and confusing report from the Small Business Administration (SBA) on angel investing.
One conclusion is that there are at least two major categories of angels — professional, accredited angels who number roughly 5,000 nationally and made just shy of 1,000 investments in 2006; and casual, unaccredited angels, who may number as many as 600,000 nationally, and could account for $20 billion injected into the US entrepreneurial economy.
In short, nobody does a good job tracking this data, because the activity is so distributed. And while contradictions continue, we have yet to see any more comprehensive report.