tag:blogger.com,1999:blog-2841191260424462857.post557615780192247384..comments2023-09-28T10:17:59.991-04:00Comments on Thoughts on Advanced Entrepreneurship: Why don't angels invest in early stage or seed venture capital funds?Bill Grimmhttp://www.blogger.com/profile/13472981213610165212noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2841191260424462857.post-58071157700147598932010-05-26T22:47:34.319-04:002010-05-26T22:47:34.319-04:00Bill, you're generally correct, although the a...Bill, you're generally correct, although the angel world is currently undergoing significant changes, as is the VC world. The first organized angel investment groups were formed in early 1990's and were very haphazard. Now, 20 years later, the picture is quite different. There are over 500 such groups around the world, many with full time, professional staffs, with well over 25,000 angel investors who belong to them.<br /><br />These groups in turn belong to national federations of professional angel groups, such as the Angel Capital Association in the US, the National Angel Capital Organization in Canada, and the European Business Angel Network in Europe. And those federations, in turn, meet periodically under the aegis of the World Business Angel Association.<br /><br />The result of all this associating is the rapid dissemination of best practices and experiences, the growth of inter-group syndication and cross border investing, and the arrival of angel investing as a legitimate, significant component of the private equity markets. Indeed, in the US, angel investors have actually accounted for as much money invested each year as all VC funds put together (over $20 billion annually.)<br /><br />We live in fascinating times, and angel investing is just one aspect of our economy that is being affected to an extraordinary extent by communications, globalization and technological developments!<br /><br />-David S. Rose<br /> Chairman, New York Angels<br /> CEO, AngelsoftAnonymousnoreply@blogger.com