The average angel-backed company receives much less capital today than it did in the early 2000s, data from the University of New Hampshire’s Center for Venture Research (CVR) reveals. The CVR’s numbers — which come from surveys of individual angels and angel groups — show that the dollars that the average angel-backed company received dropped a whopping 42.3 percent between 2002 and 2014, when measured in inflation-adjusted terms.
Why Angel Backed Companies are Raising Less Money
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