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Looking for angels?

angels
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Looking for angels?

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They prefer to find you, and now they have a new way – new Internet services designed to list your opportunity. Bloomberg Personal Finance June 99 discusses Garage.com (see a picture of the garage of Hewlett and Packard), Rule506.com, and the SBA’s ACE-NET. Venture capitalists pumped a record $1.7B into 213 enterprises in the nine-county Bay Area, up 42 % from the previous quarter. The average investment per deal also broke new ground, at $8.1 million, a 30% jump from the old high of $6.2 million. The results come from the latest survey of the Money Tree, the Mercury News/ PricewaterhouseCoopers LLP report on venture capital. The total of 213 deals is the second-most ever after the 224 in spring 1998.

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