PRESS RELEASE

PRESS RELEASE: "The Angel Investor Market in 2002: Investment Activity and Growth Prospects"

"The Angel investor market has declined in 2002 with total investments of $15.7 billion, down from the previous year of $30 billion, according to the Center for Venture Research at the University of New Hampshire. A total of 36,000 entrepreneurial ventures received Angel funding in 2002. While the decline in total dollars invested is close to 50%, the drop in the number of entrepreneurial start-ups receiving angel funding declined by 25%. The number of active investors in 2002 was 200,000 individuals, with an average of 5-6 investors joining forces to fund an entrepreneurial start-up. While the drop in total investments is substantial, research indicates that the Angel market is relatively healthy, with a sustainable growth rate of new investors, a decline in deal valuations, considerable sector diversification, and sustainable investor yield rates."
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