If you’re seeking funding from angel investors, you have to know where to strike.
Angel investors are most likely to back Internet, health-care and mobile technology startups in their own backyard. That’s according to data on angel deals completed in the first three months of 2014 and collected through a partnership between the Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights.
In three out of four angel deals completed in the first quarter of the year, the angel investor or group backed an entrepreneur located in the same state, according to the study, called the “Halo Report.”
Angel investors were seen putting most of their cash into high-tech businesses during the quarter, meaning you might. . . (Read More)
Article by: Catherine Clifford
Published at: Entrepreneur.com