How Angels Are Playing a Fallen Economy
| August 11, 2008 |  View for printing |
They may have less to invest, but America's startup backers are pooling their capital to do as many deals as ever
The grim economy has led not only to a drop in consumer spending and the foreclosure of more than a million homes, but to changes in the way angel capital is deployed. Angels, by definition, invest their own money, so downturns in the stock market and real estate values can mean they have less to invest and are more gun-shy about investing it.
by Stacey Higginbotham
Full Story: http://www.businessweek.com/technolo ... _technology
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