What is hot in angel investing?

Clearly not the managers!

State of the nation Industry is maturing & has seen steady growth in the past 3 years

State of the nation Industry is maturing & has seen steady growth in the past 3 years Data Capital invested steady : $19 to $22m Deals spiked in 2007 at 45 [AVG 25] Credit crunch Significant drop off - Q3/Q4 2008 Deal volumes down year on year >100% It is all about follow-on right now However - Q1 + Q2 2009 strong

Data

Capital invested steady : $19 to $22m

Deals spiked in 2007 at 45 [AVG 25]

Credit crunch

Significant drop off - Q3/Q4 2008

Deal volumes down year on year >100%

It is all about follow-on right now

However - Q1 + Q2 2009 strong

State of the nation Industry is maturing & has seen steady growth in the past 3 years Syndication: 37 out of 100 investments 2006 36% 2007 26% 2008 58% VCs 15% since 2006 Government involvement Fund matching Industry Infrastructure – Passive Fund Tax incentives not in place

Syndication: 37 out of 100 investments

2006 36%

2007 26%

2008 58%

VCs

15% since 2006

Government involvement

Fund matching

Industry Infrastructure – Passive Fund

Tax incentives not in place

State of the nation Industry is maturing & has seen steady growth in the past 3 years

Variety of models key

State of the nation The industry has got some issues Follow on funding for the companies in the pipe New deals drying up VC model challenging International syndication is 5 years out, if ever Syndication is accelerating Passive matching angel fund Formalisation is a big trend, but lots of flexibility in models Specialisation – NZDX, Pacific Channel, Life Science Angels Network alliance Entrepreneurs & Angels are getting better Government is a great partner

Follow on funding for the companies in the pipe

New deals drying up

VC model challenging

International syndication is 5 years out, if ever

Syndication is accelerating

Passive matching angel fund

Formalisation is a big trend, but lots of flexibility in models

Specialisation – NZDX, Pacific Channel, Life Science Angels Network alliance

Entrepreneurs & Angels are getting better

Government is a great partner

New deals are still being done

The wall of money is coming

A good trend

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