Despite a slowing economy, angel investor groups expect to make slightly more investments in entrepreneurial ventures this year, according to a new survey by the Angel Capital Association.
Nearly 55 percent of angel investor groups expect both the number of angel investments and the dollars invested to increase this year. About one-third think angel investing activity in 2008 will be about the same as in 2007.
More than 80 percent of the angel groups surveyed plan to invest in three to nine companies this year. Around 12 percent expect to invest in 10 or more ventures.
"We have found that new entrepreneurial opportunities can arise in turbulent times like these," says ACA Chairman John May, who is co-manager of the Washington Dinner Club, an early-stage venture fund in Washington, D.C.
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