Money Buzz 06/04

Send Me an Angel Group

An established source of funding for startups and young companies, angel investors have a long tradition of flying solo, meeting with entrepreneurs and making investments on an individual basis. But increasingly, these wealthy investors are banding together to form angel capital groups. In fact, according to the University of New Hampshire's Center for Venture Research, some 170 angel investment groups have formed in the past several years.

Thanks to the recent formation of the Angel Capital Association, these groups now have their own organization. Sponsored by the Ewing Marion Kauffman Foundation, the association will focus on increasing awareness and the availability of angel funding, and establishing standards for investment practices.