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Funding shortfall stymies tech-transfer capabilities	Nationwide, angels invested $9.1 billion in the first half of the year, down 27 percent from the amount they invested in the first half of 2008, according to the University of New Hampshire Center for Venture Research. Read more:
The New Rules of Angel Investing	Angels still have wings, but they aren’t flying quite so high. The rules of the game of angel investing have changed in the post-crisis world, Kermit Pattison writes in The New York Times. The average deal size shrank by 31 percent in the first half of this year, according to a recent study by the Center for Venture Research at the University of New Hampshire.
Study: Angel investors spend less on more	Angel investors across the country spent fewer dollars but backed more companies during the first half of 2009 compared to last year, according to a study released by the Center for Venture Research at the University of New Hampshire.
Angel Investor Market Declines in First Half of 2009	Angel investors pulled back in the first half of 2009, although the overall market experienced a slight increase in the number of investments, according to the Angel Market Analysis for the first and second quarters of 2009 released by the Center for Venture Research at the University of New Hampshire.
Investor summit is no blind date	The New Hampshire High Tech Council has grown its popular Speed Venture Summit, drawing in $20,000 in corporate sponsorship, 50 participating companies and a groundswell of support, according to its producer, Tim Platt... Jeffrey Sohl, head of the Center for Venture Research Institute at the Whittemore School of Business at the University of New Hampshire, released a year-end report citing a 26.2 percent decline in angel investment in the United States in 2008, down from $26 billion to $19.2 billion.
It takes one for the money	The Speed Venture Summit is kind of a speed-dating event that brings together early stage companies and potential investors.
Angel investors cut back, UNH report finds	The report is titled “The Angel Investor Market in Q1Q2 2009: A Halt in the Market Contraction,” and it concluded that total investments in the first half of 2009 were $9.1 billion, a drop of 27 percent from the first half of 2008.
Oculis Labs Wins CTC's "2009 Company to Watch" Award	Over 300 entrepreneurs, event sponsors and service providers are expected to gather on Thursday, September 17, 2009 at The Omni Hotel in New Haven for the Third Innovation Pipeline Awards... The keynote speech was presented by Jeffrey Sohl, Director of the Center for Venture Research and Professor of Entrepreneurship and Decision Sciences at the Whittemore School of Business and Economics at the University of New Hampshire.
In Pitching to Angel Investors, Preparation Tops Zeal	Angel investors are generally wealthy people seeking promising start-ups that are too small to attract the attention of venture capitalists. The estimated 260,500 active angels in the United States are the largest source of seed and start-up capital for entrepreneurs (not counting their own savings or money from family and friends), according to Jeffrey Sohl, the director of the Center for Venture Research at the University of New Hampshire.
Entrepreneurial Internship Program Connects Businesses to UNH Students	Entrepreneurial Internship Program Connects Businesses to UNH Students Original Publication Date: 06/23/2009 UNH Media Relations - In today's highly competitive job market, University of New Hampshire students aiming for high-tech careers gain valuable work experience from an entrepreneurial internship program that has successfully matched students with businesses for a decade.
Attracting angel investors takes plan, effort	Attracting angel investors takes plan, effort Original Publication Date: 07/20/2009Dayton Business Journal - ..."They don't invest in pizza parlors or laundromats, nor do they invest in companies that don't offer any promise of growth. They take a chance and expect a profit," said Jeffrey Sohl, director of the Center for Venture Research and a professor at the University of New Hampshire, where the term "angel investor" was coined in 1978.
UNH Center for Venture Research: Angel Investors, VCs Look at IPOs Differently	New research from the Center for Venture Research at the University of New Hampshire...The research is presented in the working paper "Initial Public Offerings and Pre-IPO Shareholders: Angels Versus Venture Capitalists." The research was conducted by Jeffrey Sohl, director of the UNH Center for Venture Research and professor of entrepreneurship and decisions sciences at the Whittemore School of Business and Economics, and William Johnson, assistant professor of finance at the Whittemore School.
Angels More In Tune With IPO Companies Than VCs, Study Says	Angels More In Tune With IPO Companies Than VCs, Study Says Original Publication Date: 07/23/2009The New York Times - Now, researchers at the University of New Hampshire's Center for Venture Research have refined the thesis to suggest that underpricing is less likely if a company is backed by wealthy individuals, called angels. This is because the angels are more likely than VCs to sell shares as part of the IPO. Venture investors generally claim any market gains when they sell or distribute their stakes after the six-month lockup.
Don't Let Angel Investors Bedevil You	Don't Let Angel Investors Bedevil You Original Publication Date: 07/28/2009Forbes.com - There are more than 260,000 angel investors in the U.S. According to the Center for Venture Research at the University of New Hampshire, these helpers invested $19.2 billion in 55,480 companies in 2008, down 26% from the year before. Venture capitalists, by comparison, invested $28.1 billion in 3,630 companies, down just 10% from 2007.
Angel investors pick up pace	Angel investors pick up pace Original Publication Date: 08/03/2009 Business Journal - Local group already doled out 2008's total. The Central Texas Angel Network is poised to surpass its entire 2008 investment level this quarter, even as venture capital investments have declined sharply during the global recession.
Selling When Business Valuations Are Low	Many firms turned to equity financing during the downturn to make up for their cash shortage. That solution can help keep a business afloat, but each time this type of funding is raised, a company must be appraised, says Jeffery Sohl, the director of the University of New Hampshire's Center for Venture Research. If owners revaluate their companies when values are lower, they may have to hand over more ownership in the company because the same amount of money buys more when values sink, he says.
Federal Aid Sought for Equity-Backed Companies	Wall Street Journal - U.S. venture-capital investments fell 61% in the first quarter, according to a new PricewaterhouseCoopers report. Angel investing dollars fell 26% in 2008, according to the Center for Venture Research at the University of New Hampshire.
Angels Are Still Interested	Inc.com - Angel investors are spending less, but are just as interested in funding new ventures as ever, according to the 2008 Angel Market Analysis released by the Center for Venture Research at the University of New Hampshire..."We expected the dollars to go down," says Jeffrey Sohl, director of the UNH Center for Venture Research, "but our report indicates that while angels are putting less money in, they are still investing."
Need Seed Capital? Angel Groups May Be Your Best Bet	Kiplinger.com - Looking for an angel investor in your new business? You'd better try to find more than one. While dealmaking is down only 3%, angels are forking over a lot less. Angel investment dollars fell 26% in 2008 to $19.2 billion, split among 55,500 deals, according to the University of New Hampshire's Center for Venture Research.
Angel investors clip contributions by 26 percent in ’08	Nashua Telegraph - According to a report by the Center for Venture Research at the University of New Hampshire, the total value of angel investments dropped in 2008 by 26.2 percent from 2007, but the number of deals was relatively unchanged, with 55,480 entrepreneurial ventures receiving funding - 2.9 percent less than the 57,120 total ventures in 2007.
‘Angel' Investors in Limbo	Valley News - The number of deals done last year in New Hampshire dropped a modest 2.6 percent from 2007, but the amount of money invested dropped by 26 percent -- nearly $7 billion -- to $19.2 billion, according to the Center for Venture Research at University of New Hampshire's Whittemore School of Business. No comparable study is available for Vermont, though the center's director, Jeffrey Sohl, said New Hampshire is a good indicator of investment activity throughout New England.
Angel investments down in 2008, but remain largest source start-up capital	Seacoastonline.com - Angel investments dropped in 2008 by 26.2 percent over 2007, but the number of deals was relatively unchanged, with 55,480 entrepreneurial ventures receiving funding, according to the 2008 Angel Market Analysis released by the Center for Venture Research at the University of New Hampshire. The angel investor market had a considerable contraction in investment dollars, but exhibited little change in the number of investments, according to Jeffrey Sohl, director o
Angel Investments Down in 2008, But Not Deals	UNH Media Relations - Angel investments dropped in 2008 by 26.2 percent over 2007, but the number of deals was relatively unchanged, with 55,480 entrepreneurial ventures receiving funding, according to the 2008 Angel Market Analysis released by the Center for Venture Research at the University of New Hampshire. Read More:
Angel Investors Still Busy But More Frugal	Wall Street Journal - The financial crisis has made angel investors more conservative in the amount of capital committed but has not significantly slowed their deal making or thinned their ranks, according to the latest data from the Center for Venture Research at the University of New Hampshire.
Angel Investors’ Wings Are Being Clipped	New York Times - Entrepreneurs had a harder time getting angel funding to get their start-up idea off the ground last year, according to a new report from the Center for Venture Research at the University of New Hampshire. In 2008, angel investors funded young companies at the same pace as they did the year before, but they invested significantly less in each start-up.
Angels Flock Together and Offer Less	New York Times - Research out today shows that the number of angel investors and angel-backed deals stayed more or less the same from 2007 to 2008, but that the amount those investors are putting into deals has dropped by 26.2 percent.
How to choose an angel investor - Angel investor can make startup take off	Business First - Angel investors provide capital from their own pocket for promising startup businesses and ideas that are too immature to attract venture capitalists, in exchange for convertible debt or ownership equity. They look for deals with huge potential for growth within five to seven years, when such ventures are typically sold.
Can an angel investor help your startup?	Bankrate.com - Given the riskiness of their investments, angel investors aren't willing to settle for moderate success. "They want a 20 percent annual return to make up for a lot of zeros in their portfolio," says Jeffrey Sohl, director of the University of New Hampshire's Center for Venture Research. "It would help entrepreneurs if they understood that mindset." Investors generally hold their positions for five to seven years.
Is There Venture Capital and Angel Investor Money Out There?	ArticleXplosion.com - According to the National Venture Capital Association 3,808 ventures raised VC funding in 2008 totaling $28.3 billion. And, according to the Center for Venture Research 70,000 ventures were funded by angel investors last year totaling $37.2 billion. Remarkably, this was after the "recession" had officially begun.
Angel Investors	Small Business Informer - Studies show that the best time to start a business is when the economy is down. That's because entrepreneurs with good ideas will find cheaper land, labor, supplier contracts, and other ingredients that go into starting a business. Angels that back such ventures can earn impressive long-term returns-one study cites a rate of return of about 27%, on average, or 2.6 times the investment in 3.5 years. The risks, of course, are steep.
At age 101, his college dreams fulfilled	Union Leader - A group of business students at the University of New Hampshire made a Bedford centenarian an honorary member of their class,...John Heim, whom friends said still manages his own business affairs at the age of 101,...He was made a honorary member of the Whittemore School of Business and Economics' Entrepreneurial Venture Creation Class of 2009.
UNH Students to Grant Dream to Retired Businessman and World War II Veteran	Media Relations - ...The UNH Whittemore School of Business and Economics students will welcome John Heim of Bedford, NH, as an honorary member of the Entrepreneurial Venture Creation Class of 2009 on Saturday, Dec. 13, 2008. The festivities begin at 2 p.m. at Carlyle Place, 40 Route 101, Bedford...The course was created in 2000 by Jeff Sohl, professor of decisions sciences and director of the Center for Venture Research, and Ross Gittell, James R.
Inside the Angel Investor Mindset	StartupNation.com - ..."The modest increase in total dollars and angel investors, coupled with the decrease in investments resulted in a larger deal size for the first half of 2008 (8 percent)., These data indicate that angels are exhibiting a cautious approach to investing in light of the recent volatility in the economy and reducing their individual risk exposure by including more angels in each deal," said Jeffrey Sohl, director of the
Angel Investors Steady But More Cautious in First Half of 2008	Media Relations - Angel investors have become more cautious in light of the recent economic uncertainty, trying to reduce their risk exposure by including more angels in each deal, according to the Angel Market Analysis for the first and second quarters of 2008 released by the Center for Venture Research at the University of New Hampshire. ...

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