Every start up, entrepreneur and small business technology company need capital, whether to launch, fund growth or expand to the next level. For many start ups that have not gone to market yet, starting at the angel level is the best alternative for funding when there is no positive revenue balance sheet to entice a traditional VC firm.
Check out this insightful INFOGRAPHIC that tells where the angels are and how they invest. The most interesting fact is that although most of the deals and dollars invested took place in California, ergo Silicon Valley, the majority of deals or 79% took place outside of California and the bulk of the funding or 70% was invested outside of Cali as well.
Wow! Great for shedding preconceived notions that only Silicon Valley start ups got most of the funding
Jeneba Jalloh Ghatt can be heard nightly at 8pm on DCRadio/WHUR 96.3HD4 on "Coming to America with Wayna and Friends. She is an editor at Techyaya.com, founder of the Digital Publiching Academy and JayJayGhatt.com where she teaches online creators how to navigate digital entrepreneurship and offers Do-It-For-You Blogging Service. She manages her lifestyle sites BellyitchBlog, Jenebaspeaks and JJBraids.com and is the founder of BlackWomenTech.com 200 Black Women in Tech On Twitter. Her biz podcast 10 Minute Podcast is available on iTunes and Player.fm. Follow her on Twitter at @Jenebaspeaks. Buy her templates over at her legal and business templates on Etsy shop!