It's not just that angel investors are the best kind of investors for most private companies; they're also more visible than they've ever been. There's so much wealth in the economy from a robust stock market and 15 years of IPOs that angels are coming out of the woodwork. The prominence of angels, typically shy about publicity, has grown to such a level that they merited a recent feature article in U.S. News and World Report.
Cornelius admits that although angel investors are everywhere, he hasn't bumped into any yet. But then again, with respect to his search for capital, he's at the beginning of the journey. Fortunately, there are now more formal approaches to finding angels than ever before. Avenues include: universities with active entrepreneurship programs; business incubators; ACE-Net (https://ace-net.sr.unh.edu), an Internet-based matching service; networks affiliated with chambers of commerce; and last, but certainly not least, referrals from such professionals as accountants and attorneys.