Angel investing has been on a consistent upswing since 2003, and it is attracting high-net-worth individuals who want to take a more proactive approach to early-stage investing. According to Ernst & Young, since 2000, the number of venture capitalists has declined by 50% while the number of angel groups has more than doubled.
Andre Peschong, Bridgewater Capital
Full Story: http://www.forbes.com/finance/2008/03/13/angel-venture-investing-pf-ii-in_ap_0313soapbox_inl.html