Anecdotal evidence suggests that angels are now investing as much as $50 billion
Naval Ravikant, who runs angel list states that there's been an additional $500M that has been invested in early stage startups last year.[1] Which is essentially a smallish VC fund.
Naval has also stated that 240 companies have received angel funding via Angel list this past year. If every company received $1M, that would still only be $240M invested in early stage startups.
I don't understand where the anecdotal $50B comes from.
Also..
Estimates are that there are now 10,000 angel financings per year, and as much as 70% of these deals are now convertible debt.
Naval Ravikant runs the angel list, and he's saying there are only 240 investments that got money via angel list last year. That's a big discrepancy.
I don't have a comment on whether the structure of convertible notes is good or not. I was just very surprised at the numbers Adeo brought up in the article, because they are several orders of magnitude larger than what I'm reading in other areas.
If he has other data sources, I'd love to read them. My instinct has been that Angel List has been at the epicenter of getting all these startups funded, and so I've been inclined to use Naval's numbers in my thinking.
Naval Ravikant, who runs angel list states that there's been an additional $500M that has been invested in early stage startups last year.[1] Which is essentially a smallish VC fund.
Naval has also stated that 240 companies have received angel funding via Angel list this past year. If every company received $1M, that would still only be $240M invested in early stage startups.
I don't understand where the anecdotal $50B comes from.
Also..
Estimates are that there are now 10,000 angel financings per year, and as much as 70% of these deals are now convertible debt.
Naval Ravikant runs the angel list, and he's saying there are only 240 investments that got money via angel list last year. That's a big discrepancy.
I don't have a comment on whether the structure of convertible notes is good or not. I was just very surprised at the numbers Adeo brought up in the article, because they are several orders of magnitude larger than what I'm reading in other areas.
If he has other data sources, I'd love to read them. My instinct has been that Angel List has been at the epicenter of getting all these startups funded, and so I've been inclined to use Naval's numbers in my thinking.
ref:
[1] http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/04/...