Durham, N.H. – Angel investors as a whole in the U.S.
committed less money in start-up and seed-stage deals during the first half of
2010 than any prior period during the last several years, according to a new
report by the Center for Venture Research at the University of New Hampshire.

Total investments in these two early-stage-business categories in the first
half of 2010 were $8.5 billion, a decline of 6.5% over the first half of 2009.

The number of active individual angel investors during the period was 125,100,
a drop of 11% from the same period a year ago.

"Without a reversal of this
trend in the near future, the dearth of seed and start-up capital may approach
a critical stage, deepening the capital gap and impeding both new venture
formation and job creation," said Jeffrey Sohl, director of the center, which
is part of the UNH Whittemore School of Business and Economics.


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