2023 - where have all the angel (investors) gone?
In 2021, there was a monthly average of 1,212 angel investors who made at least one investment into pre-seed companies.
Definition here is: any individual who wrote a check for between $1 and $25K into a company that had not raised any priced equity.
2022: down a bit (1,097 average) but still over 1,000 angels per month.
2023 (so far): down about 1/3rd to 731 angelic people.
A few thoughts on why:
Angels are likely feeling the crunch of the tech downturn as well and may be less excited about parting with an additional dollar.
There was a major influx of angels from 2020 to 2021 - many of them probably only made one or two investments before pausing.
More difficult to justify super early investments with interest rates at today's levels!
Early founders, just a heads up that finding the right angels may be more difficult than before. But hey, still better than 2019 right?
More data on all things angel investing in our weekly Data Minute newsletter, link in comments.
#cartadata #angelinvesting #preseed #founders #startups #angelinvestors
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