Excerpt from Forbes.com
by Andre Peschong
Angels are the new venture capitalists. Sound like a bold statement? Not so if you look at recent statistics.
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.