Last week I wrote a blog post providing tips for attracting angel investments, so when I noticed a report on 2013 angel investment in the Austin Business Journal it seemed appropriate to write a quick post about its findings.
Angel investments in both Austin and the US as a whole surged in 2013, increasing by 8.3 percent nationally. Of the $24.8 billion invested by angels last year, software (23%) again accounted for the most, followed by media (16%), healthcare (14%), biotech (11%), retail (7%), and financial services (7%). These investments were largely made in the seed and start-up stage (45%), up from 35 percent in the prior year.
Similar to the national trend, angel investments were also on the rise in Austin. Central Texas Angel Network, the fourth-most active angel investor in the US, invested 21 percent more than its 2012 levels, placing $9.7 million in 33 startups. Seeing these types of reports should obviously be encouraging to startups, but I’m sure many entrepreneurs, if not most, would agree that actually getting somebody to write a check can still obviously be quite difficult. If you’re looking to seed a startup and didn’t catch my tips on attracting angel investors from last week, I suggest you give it a read.