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Angel Investment Trends

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Richard Frederick, Co-Founder of Eastern NY Angels (ENYA), provides an overview of angel investing trends throughout the United States.

Published in: Business, Economy & Finance
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Angel Investment Trends

  1. 1. Angel Investment Trends Eastern NY Angels April 17, 2014 iCan-Global Entrepreneur's Breakfast Forum
  2. 2. Types of Angel Investors o Individuals - $1mm in liquid assets excluding primary residence, $200k individual or $300k family o Groups – collective of Angels invest individually o Funds – collective of Angels “money in the bank”
  3. 3. National Data Top 10 Angel Groups in the US 2013 (based on deals) Halo Report SVB 1. Golden Seeds (NY) 5th 2. Tech Coast Angels (CA) 2nd 3. Houston Angel Network (TX) New 4. Central Texas Angel Network (TX) 4th 5. Sand Hill Angels (CA) 6th 6. Launchpad Venture Group (MA) 3rd 7. New York Angels (NY) 1st 8. Desert Angels (AZ) New 9. Investors Circle (National) 7th 10. Alliance of Angels (WA) 8th
  4. 4. Basic Statistics • 1800 deals funded in 2013 • Average size of Angel round over the past 3 years $600k • Q4 average round was $700k • Average size round when co-investing with non-Angels (VC’s) $1.7 m • Three top Sectors : Healthcare, Internet, Mobile/Telecom • Size of rounds; Healthcare $1.6 m, Internet $1.0 m, Mobile/Telecom $1.1 m • Number of Deals with co-investment now 73% • Average Valuation $2.5 m
  5. 5. Deals vs Dollars by Region Region Deals Dollars • New England 11.3% 14.2% • New York 9.4% 8.9% • Mid-Atlantic 9.2% 10.8% • Great Lakes 11.8% 13% • Southeast 11.7% 9.6% • Great Plains 5.5% 6% • Texas 8.5% 6.3% • Southwest 6% 5.5% • Northwest 7.7% 6.1% • California 18.6% 19.6%
  6. 6. Deals by Sector Sector Deals Angels Dollars • Internet 38.5% 34.4% $1.0 m • Healthcare 19.6% 28.3% $1.6 m • Mobile 16.2% 16.1% $1.1 m • Software 4.0% 4.3% • Energy 1.8% 1.9%
  7. 7. Statewide Angel Groups – Canrock Ventures - early stage fund focused on enterprise software and business analytics opportunities on Long Island and New York City. – Cayuga Ventures - high-tech start-up companies in Southern Tier and Western New York regions. – Excell Partners - equity fund provides pre-seed and seed stage financing to high-tech start-ups companies located in the Finger Lakes and Western NY regions. – ff Venture Capital - is an institutional venture capital investor in seed-stage companies.
  8. 8. Statewide Angel Groups • Golden Seeds - invests in early stage New York State companies with at least one woman in a leadership position. • SCP Incubators / Z80 Labs - a catalyst in the creation of a new technology economy in the Buffalo and Western NY areas. • Stonehenge Growth - focuses on seed and early stage software and services New York State companies that are at the intersection of healthcare and IT. • Eastern NY Angels – invests in early stage pre-revenue high tech companies in NYS.
  9. 9. Statewide Investments • UVANY and CB Insights – 54 Deals in Q1 2014 – Total invested $25.98m includes debt and equity
  10. 10. Eastern NY Angels • 33 Members • $1.5m fund-raising second fund • 7 investments (range $100k to $250k) • Convertible Debt and Equity • 6 are NYSERDA funded • 1 Bio, 2 Battery, 1 Waste Heat Recovery, 2 Materials, 1 Lighting • Sectors: Healthcare, Energy and Industrial

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